4820 Conrad St APT 101SkokieIL60077
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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 Skokie at 4820 Conrad St APT 101, Skokie, IL, 60077 listed at $161,900 pairs $1,221/mo rent with a $792/mo payment to leave $98/mo cash flow. Total monthly income runs $1,221/mo, and annual cash flow reaches $1,181/yr on $53,670 cash to close. Return on cash invested measures 22.11% in year one, and rental yield registers 9.05% at a $161,900 basis. Equity gained on principal adds $1,045/yr, and annual property appreciation at 5% supports $44,730 by year five. Five-year ROI tracks 115.68% and total cumulative return in cash totals $62,086. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,221/mo property income relative to a $792/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60077, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,412 (100%) |
| Owner Occupied HU | 6,835 (59.9%) |
| Renter Occupied HU | 3,980 (34.9%) |
| Vacant Housing Units | 597 ( 5.2%) |
| Median Home Value | $354,218 |
| Average Home Value | $389,827 |
Housing Distribution
Address Breakdown
Residential
11,210
Single Family
5,188
Multi-Family
6,022
Businesses
1,340
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