4710 Russett Ln #R1SkokieIL60076
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 Skokie at 4710 Russett Ln #R1, Skokie, IL, 60076 generates $2,287/mo in rent and, after a $1,189/mo payment, leaves $602/mo in cash flow. Total monthly income is $2,287/mo, and annual cash flow is $7,222/yr on $80,555 invested. Return on cash invested sits at 28.87% in year one, and rental yield is 11.29% on a $243,000 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 151.9% and total cumulative return in cash sums $122,360. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,287/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60076, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,989 (100%) |
| Owner Occupied HU | 8,721 (72.7%) |
| Renter Occupied HU | 2,682 (22.4%) |
| Vacant Housing Units | 586 ( 4.9%) |
| Median Home Value | $390,819 |
| Average Home Value | $432,471 |
Housing Distribution
Address Breakdown
Residential
11,730
Single Family
9,024
Multi-Family
2,706
Businesses
1,396
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices