243 Columbia AvePark RidgeIL60068
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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 Park Ridge at 243 Columbia Ave, Park Ridge, IL, 60068 offers a 5.43% rental yield on a $985,000 purchase with $4,456/mo rent. 26% in year one. Equity gained on principal adds $6,356/yr while 5% annual appreciation supports $272,137 over five years. Portfolio math shows five-year ROI at 57.41% and total cumulative return in cash at $186,058. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,456/mo property income against a $4,821/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
6,011 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60068, Park Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,048 (100%) |
| Owner Occupied HU | 12,137 (80.7%) |
| Renter Occupied HU | 2,171 (14.4%) |
| Vacant Housing Units | 740 ( 4.9%) |
| Median Home Value | $532,331 |
| Average Home Value | $584,680 |
Housing Distribution
Address Breakdown
Residential
15,052
Single Family
12,148
Multi-Family
2,904
Businesses
1,440
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Listed by: Jack Guest • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12430108