281 Michigan AveHighwoodIL60040
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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 Highwood at 281 Michigan Ave, Highwood, IL, 60040 earns from $2,820/mo rent with a $5,017/mo payment. Total monthly income totals $2,820/mo. ROI tracks 4.87% on current figures, and rental yield reads 3.3% at a $1,025,000 purchase. Equity gained on principal adds $6,614/yr, and 5% annual appreciation supports $283,189 over five years. Five-year ROI reaches 23.11% and total cumulative return in cash sums $76,744. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,820/mo property income instead of your personal income.
Single Family
Built in 1978
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60040, Highwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,761 (100%) |
| Owner Occupied HU | 703 (39.9%) |
| Renter Occupied HU | 966 (54.9%) |
| Vacant Housing Units | 92 ( 5.2%) |
| Median Home Value | $408,333 |
| Average Home Value | $509,936 |
Housing Distribution
Address Breakdown
Residential
1,808
Single Family
1,339
Multi-Family
469
Businesses
222
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