502 S Edward StMount 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 502 S Edward St, Mount Prospect, IL, 60056 offers $3,480/mo rent that, after a $2,198/mo payment, leaves $365/mo cash flow. Total monthly income is $3,480/mo, and annual cash flow is $4,383/yr on $148,844 cash. Return on cash invested measures 22.85% in year one, and rental yield stands at 9.3% at a $449,000 entry. Equity gained on principal adds $2,897/yr while 5% annual appreciation compounds into $124,050 by year five. Five-year ROI records 119.63% and total cumulative return in cash reaches $178,060. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,480/mo property income versus a $2,198/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
7,236 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: Landon Kelly • Real Broker, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12521908