3118 River Falls DrNorthbrookIL60062
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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 Northbrook at 3118 River Falls Dr, Northbrook, IL, 60062 earns $70/mo cash flow from $6,833/mo rent with a $4,772/mo payment. Total monthly income totals $6,833/mo, and annual cash flow totals $844/yr on $320,775 capital. ROI tracks 20.32% on current figures, and rental yield reads 8.41% at a $975,000 purchase. Equity gained on principal adds $6,292/yr, and 5% annual appreciation supports $269,375 over five years. Five-year ROI reaches 106.02% and total cumulative return in cash sums $340,095. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,833/mo property income instead of your personal income.
Single Family
Built in 1977
7,344 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60062, Northbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,143 (100%) |
| Owner Occupied HU | 13,725 (75.6%) |
| Renter Occupied HU | 3,072 (16.9%) |
| Vacant Housing Units | 1,346 ( 7.4%) |
| Median Home Value | $602,714 |
| Average Home Value | $674,682 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
12,879
Multi-Family
4,777
Businesses
2,233
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Listed by: C Bryce Fuller • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12405221