3047 N 79th AveElmwood ParkIL60707
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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 Elmwood Park at 3047 N 79th Ave, Elmwood Park, IL, 60707 uses $108,566 cash to close to unlock $184/yr annual cash flow and $15/mo monthly cash flow. Total monthly income runs $2,287/mo, and a $1,603/mo payment keeps the spread at $15/mo. Purchase price stands at $327,500, and rental yield measures 8.38% with $2,287/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $90,482 over five years. Five-year ROI reaches 104.76% and total cumulative return in cash records $113,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,287/mo property income covering a $1,603/mo payment rather than investor’s personal income.
Single Family
Built in 1941
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60707, Elmwood Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,103 (100%) |
| Owner Occupied HU | 10,714 (62.6%) |
| Renter Occupied HU | 5,452 (31.9%) |
| Vacant Housing Units | 937 ( 5.5%) |
| Median Home Value | $338,856 |
| Average Home Value | $357,155 |
Housing Distribution
Address Breakdown
Residential
16,178
Single Family
10,741
Multi-Family
5,437
Businesses
689
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Listed by: Terri Tillinghast • RE/MAX Properties Northwest
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12522552