12 King Arthur Ct APT 11NorthlakeIL60164
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Northlake at 12 King Arthur Ct APT 11, Northlake, IL, 60164 offers a 9.57% rental yield on a $128,000 purchase with $1,021/mo rent. Total monthly income registers $1,021/mo, and a $627/mo payment leaves $134/mo available for distribution. Annual cash flow reaches $1,604/yr on $42,432 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $826/yr while 5% annual appreciation supports $35,364 over five years. Portfolio math shows five-year ROI at 124.15% and total cumulative return in cash at $52,679. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,021/mo property income against a $627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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