500 E Holly AveMount 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
Investment property for sale in Mount Prospect at 500 E Holly Ave, Mount Prospect, IL, 60056 offers a 7.23% rental yield on a $635,000 purchase with $3,826/mo rent. 74% in year one. Equity gained on principal adds $4,098/yr while 5% annual appreciation supports $175,439 over five years. Portfolio math shows five-year ROI at 86.8% and total cumulative return in cash at $181,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,826/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
10,018 sqft 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: Julia Sokolowska • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12462876