5 S Pine St APT 302Mount ProspectIL60056
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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
Rental property for sale in Mount Prospect at 5 S Pine St APT 302, Mount Prospect, IL, 60056 generates $2,208/mo in rent and, after a $1,468/mo payment, leaves $128/mo in cash flow. Total monthly income is $2,208/mo, and annual cash flow is $1,532/yr on $99,417 invested. Return on cash invested sits at 21.45% in year one, and rental yield is 8.83% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 112.09% and total cumulative return in cash sums $111,436. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,208/mo property income rather than buyer’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60056, Mount Prospect, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,127 (100%) |
| Owner Occupied HU | 15,209 (65.8%) |
| Renter Occupied HU | 6,742 (29.2%) |
| Vacant Housing Units | 1,176 ( 5.1%) |
| Median Home Value | $381,904 |
| Average Home Value | $403,258 |
Housing Distribution
Address Breakdown
Residential
22,824
Single Family
14,590
Multi-Family
8,234
Businesses
1,390
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Listed by: Terri Hunt, CSC • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12458781