514 Hill StHighland ParkIL60035
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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 Highland Park at 514 Hill St, Highland Park, IL, 60035 generates $5,280/mo in rent, after a $7,097/mo payment. Total monthly income is $5,280/mo. Return on cash invested sits at 8.17% in year one, and rental yield is 4.37% on a $1,450,000 entry. Equity gained on principal adds $9,357/yr, while 5% annual appreciation builds toward $400,608 over five years. Five-year ROI reaches 40.78% and total cumulative return in cash sums $191,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,280/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
1.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60035, Highland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,863 (100%) |
| Owner Occupied HU | 9,703 (75.4%) |
| Renter Occupied HU | 2,277 (17.7%) |
| Vacant Housing Units | 883 ( 6.9%) |
| Median Home Value | $622,178 |
| Average Home Value | $723,407 |
Housing Distribution
Address Breakdown
Residential
12,092
Single Family
10,163
Multi-Family
1,929
Businesses
1,261
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Listed by: Janice Rizzo • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12407858