1635 Elder LnNorthfieldIL60093
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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 Northfield at 1635 Elder Ln, Northfield, IL, 60093 listed at $835,000 pairs $5,676/mo rent with a $4,087/mo payment. Total monthly income runs $5,676/mo. Return on cash invested measures 19.55% in year one, and rental yield registers 8.16% at a $835,000 basis. Equity gained on principal adds $5,388/yr, and annual property appreciation at 5% supports $230,695 by year five. Five-year ROI tracks 101.9% and total cumulative return in cash totals $279,940. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,676/mo property income relative to a $4,087/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2013
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60093, Winnetka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,467 (100%) |
| Owner Occupied HU | 6,087 (81.5%) |
| Renter Occupied HU | 830 (11.1%) |
| Vacant Housing Units | 550 ( 7.4%) |
| Median Home Value | $1,040,224 |
| Average Home Value | $1,169,454 |
Housing Distribution
Address Breakdown
Residential
7,434
Single Family
6,177
Multi-Family
1,257
Businesses
1,223
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Listed by: Charles Boutros • Keller Williams Premiere Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523326