120 N Cathy Ln #120Mount ProspectIL60056
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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 Mount Prospect at 120 N Cathy Ln #120, Mount Prospect, IL, 60056 uses $104,423 cash to close to unlock $4,066/yr annual cash flow and $339/mo monthly cash flow. Total monthly income runs $2,524/mo, and a $1,542/mo payment keeps the spread at $339/mo. Purchase price stands at $315,000, and rental yield measures 9.62% with $2,524/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 124.69% and total cumulative return in cash records $130,205. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,524/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60056, Mount Prospect, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,127 (100%) |
| Owner Occupied HU | 15,209 (65.8%) |
| Renter Occupied HU | 6,742 (29.2%) |
| Vacant Housing Units | 1,176 ( 5.1%) |
| Median Home Value | $381,904 |
| Average Home Value | $403,258 |
Housing Distribution
Address Breakdown
Residential
22,824
Single Family
14,590
Multi-Family
8,234
Businesses
1,390
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Listed by: Vincent Dante • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12493479