201 S Roy AveNorthlakeIL60164
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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 Northlake at 201 S Roy Ave, Northlake, IL, 60164 listed at $297,500 pairs $2,371/mo rent with a $1,456/mo payment to leave $308/mo cash flow. Total monthly income runs $2,371/mo, and annual cash flow reaches $3,691/yr on $98,621 cash to close. Return on cash invested measures 23.65% in year one, and rental yield registers 9.56% at a $297,500 basis. Equity gained on principal adds $1,920/yr, and annual property appreciation at 5% supports $82,194 by year five. Five-year ROI tracks 123.91% and total cumulative return in cash totals $122,203. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,371/mo property income relative to a $1,456/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
8,327 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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