40 King Arthur Ct APT 7NorthlakeIL60164
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 40 King Arthur Ct APT 7, Northlake, IL, 60164 in Northlake worth modelling. At $140,000 with a 9.12% gross yield, the $1,064/mo rent leaves $93/mo after the $630/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.69 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $38,679 by year five; $1,289/yr in principal reduction adds further equity. Total projected return: $59,544.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $93 | $1,200 |
City averages based on Northlake market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,064 |
| Total Monthly Debt Service | $915 |
| DSCR Ratio | 1.16x |
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.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
