16 King Arthur Ct APT 16Melrose ParkIL60164
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Nearby investment properties with comparable prices
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 16 King Arthur Ct APT 16, Melrose Park, IL, 60164 offers a 9.11% rental yield on a $115,000 purchase with $873/mo rent. Total monthly income registers $873/mo, and a $563/mo payment leaves $75/mo available for distribution. Annual cash flow reaches $902/yr on $38,123 to close, and return on cash invested stands at 22.28% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 116.65% and total cumulative return in cash at $44,469. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $873/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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Listed by: Adan Delgado • Diaz Homes Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12535472