1502 N 35th 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 1502 N 35th Ave, Melrose Park, IL, 60160 uses $96,102 cash to close to unlock $2,593/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $2,227/mo, and a $1,419/mo payment keeps the spread at $216/mo. Purchase price stands at $289,900, and rental yield measures 9.22% with $2,227/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 118.35% and total cumulative return in cash records $113,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,227/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1956
6,600 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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Listed by: Christopher Clark • Grandview Realty, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12544311