1209 Helen DrMelrose ParkIL60160
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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 Melrose Park at 1209 Helen Dr, Melrose Park, IL, 60160 offers a 10.4% rental yield on a $385,000 purchase with $3,338/mo rent. Total monthly income registers $3,338/mo, and a $1,884/mo payment leaves $668/mo available for distribution. Annual cash flow reaches $8,015/yr on $127,628 to close, and return on cash invested stands at 26.19% in year one. Equity gained on principal adds $2,484/yr while 5% annual appreciation supports $106,368 over five years. Portfolio math shows five-year ROI at 137.49% and total cumulative return in cash at $175,474. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,338/mo property income against a $1,884/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
6,446 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60160, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 4,094 (47.2%) |
| Renter Occupied HU | 4,077 (47.0%) |
| Vacant Housing Units | 507 ( 5.8%) |
| Median Home Value | $286,722 |
| Average Home Value | $279,533 |
Housing Distribution
Address Breakdown
Residential
7,552
Single Family
5,458
Multi-Family
2,094
Businesses
879
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Listed by: Dalia Cajigas, ABR • Re/Max Cityview
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12482784