308 Washington AveHighwoodIL60040
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 308 Washington Ave, Highwood, IL, 60040 in Highwood worth study. Rental yield 3.48%. The 3.48% gross yield is below cash-flow benchmarks at $800,000, but 5% annual appreciation, adding $221,025 over five years, frames this as a capital growth position. Rent of $2,317/mo partially offsets the $3,597/mo payment. Ziffy Mortgage finances appreciation-play properties (0.64 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $97,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 6.0% |
| Monthly Cash Flow | $(3,232) | $1,500 |
City averages based on Highwood market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,317 |
| Total Monthly Debt Service | $5,231 |
| DSCR Ratio | 0.44x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1930
0.41 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
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
Multi Family
Built in 1930
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices