2340 Harvey AveBerwynIL60402
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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 Berwyn at 2340 Harvey Ave, Berwyn, IL, 60402 listed at $384,900 pairs $3,276/mo rent with a $1,884/mo payment to leave $606/mo cash flow. Total monthly income runs $3,276/mo, and annual cash flow reaches $7,274/yr on $127,594 cash to close. Return on cash invested measures 25.61% in year one, and rental yield registers 10.21% at a $384,900 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,341 by year five. Five-year ROI tracks 134.42% and total cumulative return in cash totals $171,507. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,276/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1924
3,780 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60402, Berwyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,551 (100%) |
| Owner Occupied HU | 13,492 (57.3%) |
| Renter Occupied HU | 8,440 (35.8%) |
| Vacant Housing Units | 1,619 ( 6.9%) |
| Median Home Value | $296,945 |
| Average Home Value | $317,742 |
Housing Distribution
Address Breakdown
Residential
20,291
Single Family
15,801
Multi-Family
4,490
Businesses
1,041
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