1229 N Taft AveBerkeleyIL60163
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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
Rental property for sale in Berkeley at 1229 N Taft Ave, Berkeley, IL, 60163 generates $2,199/mo in rent, after a $1,591/mo payment. Total monthly income is $2,199/mo. Return on cash invested sits at 19.29% in year one, and rental yield is 8.12% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 100.52% and total cumulative return in cash sums $108,301. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,199/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
6,300 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60163, Berkeley, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,944 (100%) |
| Owner Occupied HU | 1,421 (73.1%) |
| Renter Occupied HU | 428 (22.0%) |
| Vacant Housing Units | 95 ( 4.9%) |
| Median Home Value | $234,756 |
| Average Home Value | $234,710 |
Housing Distribution
Address Breakdown
Residential
1,878
Single Family
1,672
Multi-Family
206
Businesses
91
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