323 N Princeton Ave APT 2Villa ParkIL60181
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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 Villa Park at 323 N Princeton Ave APT 2, Villa Park, IL, 60181 priced at $119,000 converts $2,498/mo rent into $1,252/mo cash flow after a $582/mo obligation. Total monthly income equals $2,498/mo, and annual cash flow totals $15,029/yr on $39,449 invested. Return on cash invested prints 58.01% in year one, and rental yield reads 25.19% against a $119,000 entry. Equity gained on principal adds $768/yr, while 5% annual appreciation compiles into $32,878 by year five. Five-year ROI reaches 312.85% and total cumulative return in cash sums $123,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,498/mo property income covering a $582/mo payment, not borrower’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$401 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60181, Villa Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,742 (100%) |
| Owner Occupied HU | 8,174 (64.2%) |
| Renter Occupied HU | 3,702 (29.1%) |
| Vacant Housing Units | 866 ( 6.8%) |
| Median Home Value | $315,340 |
| Average Home Value | $341,741 |
Housing Distribution
Address Breakdown
Residential
11,262
Single Family
8,834
Multi-Family
2,428
Businesses
1,778
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Listed by: Marina Jacobson • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12119706
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)