2409 Center AveNorthbrookIL60062
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Northbrook at 2409 Center Ave, Northbrook, IL, 60062 offers a 8.62% rental yield on a $624,000 purchase with $4,483/mo rent. Total monthly income registers $4,483/mo, and a $3,054/mo payment leaves $155/mo available for distribution. Annual cash flow reaches $1,860/yr on $205,296 to close, and return on cash invested stands at 20.97% in year one. Equity gained on principal adds $4,027/yr while 5% annual appreciation supports $172,400 over five years. Portfolio math shows five-year ROI at 109.45% and total cumulative return in cash at $224,699. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,483/mo property income against a $3,054/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
8,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60062, Northbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,143 (100%) |
| Owner Occupied HU | 13,725 (75.6%) |
| Renter Occupied HU | 3,072 (16.9%) |
| Vacant Housing Units | 1,346 ( 7.4%) |
| Median Home Value | $602,714 |
| Average Home Value | $674,682 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
12,879
Multi-Family
4,777
Businesses
2,233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Mallett • Standard Properties Group LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12428870