1911 N 19th AveMelrose ParkIL60160
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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
Total monthly income runs $1,680/mo, and a $1,468/mo payment. Purchase price stands at $299,990, and rental yield measures 6.72% with $1,680/mo rent. Return on cash invested shows 15.08% in year one, and 5% annual appreciation builds toward $82,882 over five years. Five-year ROI reaches 77.94% and total cumulative return in cash records $77,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Multi Family
Built in 1955
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60160, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 4,094 (47.2%) |
| Renter Occupied HU | 4,077 (47.0%) |
| Vacant Housing Units | 507 ( 5.8%) |
| Median Home Value | $286,722 |
| Average Home Value | $279,533 |
Housing Distribution
Address Breakdown
Residential
7,552
Single Family
5,458
Multi-Family
2,094
Businesses
879
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Listed by: Joseph Carrizales • Keller Williams Premiere Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12534529