308 Beach Ave APT 1CLa Grange ParkIL60526
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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 La Grange Park at 308 Beach Ave APT 1C, La Grange Park, IL, 60526 generates $1,195/mo in rent and, after a $759/mo payment, leaves $120/mo in cash flow. Total monthly income is $1,195/mo, and annual cash flow is $1,434/yr on $51,383 invested. Return on cash invested sits at 22.7% in year one, and rental yield is 9.25% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash sums $61,060. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,195/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60526, La Grange Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,438 (100%) |
| Owner Occupied HU | 3,746 (68.9%) |
| Renter Occupied HU | 1,179 (21.7%) |
| Vacant Housing Units | 513 ( 9.4%) |
| Median Home Value | $424,827 |
| Average Home Value | $477,332 |
Housing Distribution
Address Breakdown
Residential
5,353
Single Family
3,847
Multi-Family
1,506
Businesses
176
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Listed by: Julie White • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12428433