307 Prairie 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
Rental property for sale in Highwood at 307 Prairie Ave, Highwood, IL, 60040 priced at $215,000 converts $1,518/mo rent into $27/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,518/mo, and annual cash flow totals $324/yr on $71,273 invested. Return on cash invested prints 20.36% in year one, and rental yield reads 8.47% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 106.33% and total cumulative return in cash sums $75,781. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,518/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Single Family
Built in 1923
8,580 sqft 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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