1255 W Prospect Ave APT 208, Mount Prospect, IL, 60056 | $751/mo Cash Flow

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mount Prospect at 1255 W Prospect Ave APT 208, Mount Prospect, IL, 60056 listed at $250,000 pairs $2,485/mo rent with a $1,224/mo payment to leave $751/mo cash flow. Total monthly income runs $2,485/mo, and annual cash flow reaches $9,007/yr on $82,875 cash to close. Return on cash invested measures 30.78% in year one, and rental yield registers 11.93% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 162.13% and total cumulative return in cash totals $134,362. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,485/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1974

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