406 Hillcrest DrProspect HeightsIL60070
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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 Prospect Heights at 406 Hillcrest Dr, Prospect Heights, IL, 60070 priced at $484,900 converts $3,528/mo rent into $165/mo cash flow after a $2,373/mo obligation. Total monthly income equals $3,528/mo, and annual cash flow totals $1,980/yr on $160,744 invested. Return on cash invested prints 21.14% in year one, and rental yield reads 8.73% against a $484,900 entry. Equity gained on principal adds $3,129/yr, while 5% annual appreciation compiles into $133,969 by year five. Five-year ROI reaches 110.41% and total cumulative return in cash sums $177,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,528/mo property income covering a $2,373/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60070, Prospect Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,521 (100%) |
| Owner Occupied HU | 3,960 (60.7%) |
| Renter Occupied HU | 2,166 (33.2%) |
| Vacant Housing Units | 395 ( 6.1%) |
| Median Home Value | $328,767 |
| Average Home Value | $362,054 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
3,637
Multi-Family
2,833
Businesses
411
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Listed by: Joe Lynn • Grapevine Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12509902