408 S Emerson StMount ProspectIL60056
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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 Mount Prospect at 408 S Emerson St, Mount Prospect, IL, 60056 priced at $349,999 converts $2,520/mo rent into $92/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,520/mo, and annual cash flow totals $1,109/yr on $116,025 invested. Return on cash invested prints 20.86% in year one, and rental yield reads 8.64% against a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,698 by year five. Five-year ROI reaches 108.96% and total cumulative return in cash sums $126,422. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,520/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60056, Mount Prospect, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,127 (100%) |
| Owner Occupied HU | 15,209 (65.8%) |
| Renter Occupied HU | 6,742 (29.2%) |
| Vacant Housing Units | 1,176 ( 5.1%) |
| Median Home Value | $381,904 |
| Average Home Value | $403,258 |
Housing Distribution
Address Breakdown
Residential
22,824
Single Family
14,590
Multi-Family
8,234
Businesses
1,390
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Listed by: Michael Lohens • RE/MAX Properties Northwest
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12422773