1904 S Fairview AvePark 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
Investment property for sale in Park Ridge at 1904 S Fairview Ave, Park Ridge, IL, 60068 listed at $639,000 pairs $4,555/mo rent with a $3,128/mo payment to leave $122/mo cash flow. Total monthly income runs $4,555/mo, and annual cash flow reaches $1,468/yr on $210,231 cash to close. Return on cash invested measures 20.76% in year one, and rental yield registers 8.55% at a $639,000 basis. Equity gained on principal adds $4,123/yr, and annual property appreciation at 5% supports $176,544 by year five. Five-year ROI tracks 108.36% and total cumulative return in cash totals $227,800. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,555/mo property income relative to a $3,128/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
6,250 sqft 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: Patricia Monroe • Chicago Homes Connection, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12527490