46 6th Ave APT GJLa GrangeIL60525
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
Investment Highlights
Rental property for sale in La Grange at 46 6th Ave APT GJ, La Grange, IL, 60525 priced at $179,000 converts $1,701/mo rent into $460/mo cash flow after a $876/mo obligation. Total monthly income equals $1,701/mo, and annual cash flow totals $5,514/yr on $59,339 invested. Return on cash invested prints 29.2% in year one, and rental yield reads 11.4% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 153.7% and total cumulative return in cash sums $91,203. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,701/mo property income covering a $876/mo payment, not borrower’s personal income.
Condo
Built in 1924
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60525, La Grange, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,466 (100%) |
| Owner Occupied HU | 9,822 (72.9%) |
| Renter Occupied HU | 2,517 (18.7%) |
| Vacant Housing Units | 1,127 ( 8.4%) |
| Median Home Value | $439,538 |
| Average Home Value | $494,000 |
Housing Distribution
Address Breakdown
Residential
12,148
Single Family
8,997
Multi-Family
3,151
Businesses
1,523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices