170 N Northwest Hwy APT 410Park RidgeIL60068
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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
Rental property for sale in Park Ridge at 170 N Northwest Hwy APT 410, Park Ridge, IL, 60068 generates $2,220/mo in rent, after a $2,912/mo payment. Total monthly income is $2,220/mo. Return on cash invested sits at 8.37% in year one, and rental yield is 4.48% on a $594,900 entry. Equity gained on principal adds $3,839/yr, while 5% annual appreciation builds toward $164,360 over five years. Five-year ROI reaches 41.93% and total cumulative return in cash sums $82,075. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,220/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60068, Park Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,048 (100%) |
| Owner Occupied HU | 12,137 (80.7%) |
| Renter Occupied HU | 2,171 (14.4%) |
| Vacant Housing Units | 740 ( 4.9%) |
| Median Home Value | $532,331 |
| Average Home Value | $584,680 |
Housing Distribution
Address Breakdown
Residential
15,052
Single Family
12,148
Multi-Family
2,904
Businesses
1,440
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Listed by: Michael Lohens • RE/MAX Properties Northwest
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12501332