38 Harrison St APT 2Oak ParkIL60304
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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 Oak Park at 38 Harrison St APT 2, Oak Park, IL, 60304 listed at $190,100 pairs $2,159/mo rent with a $930/mo payment to leave $488/mo cash flow. Total monthly income runs $2,159/mo, and annual cash flow reaches $5,855/yr on $63,018 cash to close. Return on cash invested measures 29.2% in year one, and rental yield registers 13.63% at a $190,100 basis. Equity gained on principal adds $1,227/yr, and annual property appreciation at 5% supports $52,521 by year five. Five-year ROI tracks 156.1% and total cumulative return in cash totals $98,372. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,159/mo property income relative to a $930/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1923
6,282 sqft lot
$N/A/sqft
$353 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60304, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,341 (100%) |
| Owner Occupied HU | 4,750 (64.7%) |
| Renter Occupied HU | 2,103 (28.6%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $460,565 |
| Average Home Value | $488,407 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
4,960
Multi-Family
1,914
Businesses
487
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