218 E Highland AveMount ProspectIL60056
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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 Mount Prospect at 218 E Highland Ave, Mount Prospect, IL, 60056 priced at $255,000 pairs $1,836/mo rent with $67/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,836/mo, and annual cash flow comes to $808/yr on $84,533 invested. Return on cash invested is 20.87% in year one, and rental yield stands at 8.64% on a $255,000 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,452 by year five. Five-year ROI measures 108.99% and total cumulative return in cash reaches $92,132. For financing, Ziffy Mortgage’s DSCR program evaluates $1,836/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1964
1,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60056, Mount Prospect, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,127 (100%) |
| Owner Occupied HU | 15,209 (65.8%) |
| Renter Occupied HU | 6,742 (29.2%) |
| Vacant Housing Units | 1,176 ( 5.1%) |
| Median Home Value | $381,904 |
| Average Home Value | $403,258 |
Housing Distribution
Address Breakdown
Residential
22,824
Single Family
14,590
Multi-Family
8,234
Businesses
1,390
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Listed by: Monica Deanda • PROSALES REALTY
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12424184