1542 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
Investment property for sale in La Grange Park at 1542 Homestead Rd, La Grange Park, IL, 60526 uses $122,655 cash to close to unlock $607/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $2,617/mo, and a $1,811/mo payment keeps the spread at $51/mo. Purchase price stands at $370,000, and rental yield measures 8.49% with $2,617/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 106.49% and total cumulative return in cash records $130,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,617/mo property income covering a $1,811/mo payment rather than investor’s personal income.
Single Family
Built in 1960
6,250 sqft 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: Caryn Roberto • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523649