516 Clinton AveOak ParkIL60304
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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 Oak Park at 516 Clinton Ave, Oak Park, IL, 60304 priced at $608,700 pairs $4,015/mo rent with after a $2,979/mo payment. Total monthly income equals $4,015/mo. Return on cash invested is 17.42% in year one, and rental yield stands at 7.92% on a $608,700 basis. Equity gained on principal adds $3,928/yr, and 5% annual appreciation accumulates to $168,173 by year five. Five-year ROI measures 90.97% and total cumulative return in cash reaches $182,179. For financing, Ziffy Mortgage’s DSCR program evaluates $4,015/mo property income against a $2,979/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1923
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60304, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,341 (100%) |
| Owner Occupied HU | 4,750 (64.7%) |
| Renter Occupied HU | 2,103 (28.6%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $460,565 |
| Average Home Value | $488,407 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
4,960
Multi-Family
1,914
Businesses
487
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