4624 River Rd APT 1BSchiller ParkIL60176
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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 Schiller Park at 4624 River Rd APT 1B, Schiller Park, IL, 60176 uses $61,294 cash to close to unlock $2,286/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,473/mo, and a $905/mo payment keeps the spread at $191/mo. Purchase price stands at $184,900, and rental yield measures 9.56% with $1,473/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 123.86% and total cumulative return in cash records $75,919. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,473/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60176, Schiller Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,612 (100%) |
| Owner Occupied HU | 2,489 (54.0%) |
| Renter Occupied HU | 1,876 (40.7%) |
| Vacant Housing Units | 247 ( 5.4%) |
| Median Home Value | $289,521 |
| Average Home Value | $381,041 |
Housing Distribution
Address Breakdown
Residential
4,572
Single Family
2,423
Multi-Family
2,149
Businesses
439
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Listed by: Mariola Lazarski • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12471083