26 King Arthur Ct APT 4Melrose ParkIL60164
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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 Melrose Park at 26 King Arthur Ct APT 4, Melrose Park, IL, 60164 offers $931/mo rent that, after a $587/mo payment, leaves $99/mo cash flow. Total monthly income is $931/mo, and annual cash flow is $1,188/yr on $39,780 cash. Return on cash invested measures 22.9% in year one, and rental yield stands at 9.31% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 119.81% and total cumulative return in cash reaches $47,659. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $931/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
No 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
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Listed by: Tom Topolewski • J.W. Reedy Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12521571