26 King Arthur Ct APT 10Melrose ParkIL60164
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
Rental property for sale in Melrose Park at 26 King Arthur Ct APT 10, Melrose Park, IL, 60164 priced at $150,000 converts $2,160/mo rent into $808/mo cash flow after a $734/mo obligation. Total monthly income equals $2,160/mo, and annual cash flow totals $9,693/yr on $49,725 invested. Return on cash invested prints 39.4% in year one, and rental yield reads 17.28% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 211.13% and total cumulative return in cash sums $104,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $734/mo payment, not borrower’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$312 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Topolewski • J.W. Reedy Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12264209
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)