1653 McCraren RdHighland ParkIL60035
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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 Highland Park at 1653 McCraren Rd, Highland Park, IL, 60035 uses $206,941 cash to close to unlock $633/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $4,416/mo, and a $3,079/mo payment keeps the spread at $53/mo. Purchase price stands at $629,000, and rental yield measures 8.42% with $4,416/mo rent. Return on cash invested shows 20.37% in year one, and 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 106.25% and total cumulative return in cash records $219,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,416/mo property income covering a $3,079/mo payment rather than investor’s personal income.
Single Family
Built in 1978
9,995 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60035, Highland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,863 (100%) |
| Owner Occupied HU | 9,703 (75.4%) |
| Renter Occupied HU | 2,277 (17.7%) |
| Vacant Housing Units | 883 ( 6.9%) |
| Median Home Value | $622,178 |
| Average Home Value | $723,407 |
Housing Distribution
Address Breakdown
Residential
12,092
Single Family
10,163
Multi-Family
1,929
Businesses
1,261
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Listed by: Honore Frumentino, CRS • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523925