361 Ridge RdHighland ParkIL60035
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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 Highland Park at 361 Ridge Rd, Highland Park, IL, 60035 with 5% annual appreciation on a $1,475,000 basis while $5,433/mo rent supports operations. 32% in year one. Equity gained on principal adds $9,518/yr, and five-year appreciation sums $407,515 alongside rental yield of 4.42%. Five-year ROI measures 41.62% and total cumulative return in cash totals $198,898. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,433/mo property income versus a $7,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1999
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60035, Highland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,863 (100%) |
| Owner Occupied HU | 9,703 (75.4%) |
| Renter Occupied HU | 2,277 (17.7%) |
| Vacant Housing Units | 883 ( 6.9%) |
| Median Home Value | $622,178 |
| Average Home Value | $723,407 |
Housing Distribution
Address Breakdown
Residential
12,092
Single Family
10,163
Multi-Family
1,929
Businesses
1,261
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Listed by: Melissa Siegal • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12483889