300 Whitehall AveNorthlakeIL60164
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
Investment property for sale in Northlake at 300 Whitehall Ave, Northlake, IL, 60164 at $310,900 posts ROI 29.03% with $783/mo cash flow from $2,940/mo rent. Total monthly income equals $2,940/mo, and annual cash flow records $9,399/yr on $103,063 to close. Return on cash invested measures 29.03% and rental yield reads 11.35% at the current $310,900. Equity gained on principal adds $2,006/yr, and 5% annual appreciation supports $85,896 by year five. Five-year ROI prints 152.76% and total cumulative return in cash totals $157,442.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
8,500 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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Nearby investment properties with comparable prices
Listed by: Rene Aguirre • Northlake Realtors
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12178480
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)