28 Wagner DrNorthlakeIL60164
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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 Northlake at 28 Wagner Dr, Northlake, IL, 60164 priced at $319,900 converts $2,940/mo rent into $721/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,940/mo, and annual cash flow totals $8,650/yr on $106,047 invested. Return on cash invested prints 28.07% in year one, and rental yield reads 11.03% against a $319,900 entry. Equity gained on principal adds $2,064/yr, while 5% annual appreciation compiles into $88,382 by year five. Five-year ROI reaches 147.56% and total cumulative return in cash sums $156,488. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,940/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1952
9,727 sqft 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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