4938 N Leonard Dr UNIT 1BNorridgeIL60706
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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 Norridge at 4938 N Leonard Dr UNIT 1B, Norridge, IL, 60706 earns $809/mo cash flow from $1,890/mo rent with a $751/mo payment. Total monthly income totals $1,890/mo, and annual cash flow totals $9,713/yr on $50,852 capital. ROI tracks 39.01% on current figures, and rental yield reads 14.78% at a $153,400 purchase. Equity gained on principal adds $990/yr, and 5% annual appreciation supports $42,382 over five years. Five-year ROI reaches 206.44% and total cumulative return in cash sums $104,981. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,890/mo property income instead of your personal income.
Condo
Built in 1963
1.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60706, Harwood Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,776 (100%) |
| Owner Occupied HU | 6,886 (70.4%) |
| Renter Occupied HU | 2,426 (24.8%) |
| Vacant Housing Units | 464 ( 4.7%) |
| Median Home Value | $360,180 |
| Average Home Value | $400,649 |
Housing Distribution
Address Breakdown
Residential
9,585
Single Family
7,225
Multi-Family
2,360
Businesses
618
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