1241 N 5th AveMelrose 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 1241 N 5th Ave, Melrose Park, IL, 60160 uses $95,008 cash to close to unlock $12,128/yr annual cash flow and $1,011/mo monthly cash flow. Total monthly income runs $3,161/mo, and a $1,403/mo payment keeps the spread at $1,011/mo. Purchase price stands at $286,600, and rental yield measures 13.24% with $3,161/mo rent. Return on cash invested shows 32.67% in year one, and 5% annual appreciation builds toward $79,182 over five years. Five-year ROI reaches 173.03% and total cumulative return in cash records $164,393. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,161/mo property income covering a $1,403/mo payment rather than investor’s personal income.
Single Family
Built in 1957
6,500 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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