1318 Reid StWestern SpringsIL60558
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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 Western Springs at 1318 Reid St, Western Springs, IL, 60558 generates $7,319/mo in rent, after a $7,190/mo payment. Total monthly income is $7,319/mo. Return on cash invested sits at 13.13% in year one, and rental yield is 5.98% on a $1,469,000 entry. Equity gained on principal adds $9,479/yr, while 5% annual appreciation builds toward $405,858 over five years. Five-year ROI reaches 67.41% and total cumulative return in cash sums $320,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,319/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
6,372 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60558, Western Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,731 (100%) |
| Owner Occupied HU | 4,286 (90.6%) |
| Renter Occupied HU | 235 ( 5.0%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $661,304 |
| Average Home Value | $755,342 |
Housing Distribution
Address Breakdown
Residential
4,697
Single Family
4,601
Multi-Family
96
Businesses
315
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Listed by: Karoline Whittaker • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12476683