4820 Conrad St APT 202SkokieIL60077
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
Investment property for sale in Skokie at 4820 Conrad St APT 202, Skokie, IL, 60077 uses $53,372 cash to close to unlock $1,731/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $1,261/mo, and a $788/mo payment keeps the spread at $144/mo. Purchase price stands at $161,000, and rental yield measures 9.4% with $1,261/mo rent. Return on cash invested shows 23.15% in year one, and 5% annual appreciation builds toward $44,481 over five years. Five-year ROI reaches 121.28% and total cumulative return in cash records $64,731. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,261/mo property income covering a $788/mo payment rather than investor’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices