508 Madison St APT 2SOak ParkIL60302
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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 Oak Park at 508 Madison St APT 2S, Oak Park, IL, 60302 uses $47,073 cash to close to unlock $1,441/yr annual cash flow and $120/mo monthly cash flow. Total monthly income runs $1,105/mo, and a $695/mo payment keeps the spread at $120/mo. Purchase price stands at $142,000, and rental yield measures 9.34% with $1,105/mo rent. Return on cash invested shows 22.97% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 120.35% and total cumulative return in cash records $56,654. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,105/mo property income covering a $695/mo payment rather than investor’s personal income.
Condo
Built in 1913
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60302, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,205 (100%) |
| Owner Occupied HU | 8,776 (54.2%) |
| Renter Occupied HU | 5,976 (36.9%) |
| Vacant Housing Units | 1,453 ( 9.0%) |
| Median Home Value | $527,016 |
| Average Home Value | $564,863 |
Housing Distribution
Address Breakdown
Residential
15,552
Single Family
6,924
Multi-Family
8,628
Businesses
783
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