31 Richmond AveLa 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 31 Richmond Ave, La Grange Park, IL, 60526 priced at $1,499,900 converts $3,240/mo rent into after a $7,341/mo obligation. Total monthly income equals $3,240/mo. Return on cash invested prints 2.68% in year one, and rental yield reads 2.59% against a $1,499,900 entry. Equity gained on principal adds $9,679/yr, while 5% annual appreciation compiles into $414,395 by year five. Five-year ROI reaches 11.36% and total cumulative return in cash sums $55,216. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $7,341/mo payment, not borrower’s personal income.
Single Family
Built in 2021
6,650 sqft 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: Matt Laricy • Americorp, Ltd
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12468443