323 Morningside Dr #BBloomingdaleIL60108
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
Investment Highlights
Rental property for sale in Bloomingdale at 323 Morningside Dr #B, Bloomingdale, IL, 60108 offers $2,980/mo rent that, after a $1,799/mo payment, leaves $431/mo cash flow. Total monthly income is $2,980/mo, and annual cash flow is $5,168/yr on $121,826 cash. Return on cash invested measures 24.15% in year one, and rental yield stands at 9.73% at a $367,500 entry. Equity gained on principal adds $2,371/yr while 5% annual appreciation compounds into $101,533 by year five. Five-year ROI records 126.57% and total cumulative return in cash reaches $154,200. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,980/mo property income versus a $1,799/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1986
5,112 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60108, Bloomingdale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,752 (100%) |
| Owner Occupied HU | 7,061 (72.4%) |
| Renter Occupied HU | 2,274 (23.3%) |
| Vacant Housing Units | 417 ( 4.3%) |
| Median Home Value | $390,715 |
| Average Home Value | $447,271 |
Housing Distribution
Address Breakdown
Residential
9,474
Single Family
7,171
Multi-Family
2,303
Businesses
1,103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Pellegrino • Berkshire Hathaway HomeServices Starck Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12525309