342 Newberry AveLa Grange ParkIL60526
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 342 Newberry Ave, La Grange Park, IL, 60526 in La Grange Park. Priced at $299,900, it generates $2,623/mo in gross rent and $543/mo in net monthly cash flow, a 10.5% yield that comfortably supports the 1.94 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,516. Five-year appreciation: $82,857. Equity from principal paydown: $2,762/yr. Total projected cumulative return: $149,611.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 7.0% |
| Monthly Cash Flow | $543 | $1,500 |
City averages based on La Grange Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,623 |
| Total Monthly Debt Service | $1,961 |
| DSCR Ratio | 1.34x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1955
6,534 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
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
Single Family
Built in 1955
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tom Baker • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12461602