1427 Homestead RdLa Grange ParkIL60526
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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 La Grange Park at 1427 Homestead Rd, La Grange Park, IL, 60526 generates $1,363/mo in rent and, after a $842/mo payment, leaves $170/mo in cash flow. Total monthly income is $1,363/mo, and annual cash flow is $2,038/yr on $57,018 invested. Return on cash invested sits at 23.48% in year one, and rental yield is 9.51% on a $172,000 entry. Equity gained on principal adds $1,110/yr, while 5% annual appreciation builds toward $47,520 over five years. Five-year ROI reaches 122.99% and total cumulative return in cash sums $70,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,363/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60526, La Grange Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,438 (100%) |
| Owner Occupied HU | 3,746 (68.9%) |
| Renter Occupied HU | 1,179 (21.7%) |
| Vacant Housing Units | 513 ( 9.4%) |
| Median Home Value | $424,827 |
| Average Home Value | $477,332 |
Housing Distribution
Address Breakdown
Residential
5,353
Single Family
3,847
Multi-Family
1,506
Businesses
176
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Listed by: Jena Mancione • EXIT REAL ESTATE PARTNERS
Mls Name: EXIT Realty broker feed
Mls ID: #12473064