521 N Harvey AveOak 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 521 N Harvey Ave, Oak Park, IL, 60302 with 5% annual appreciation on a $650,000 basis while $5,400/mo rent supports operations. Total monthly income totals $5,400/mo and a $3,181/mo payment preserves $892/mo for cash returns. Annual cash flow comes to $10,703/yr on $213,850 deployed, and return on cash invested reaches 25.07% in year one. Equity gained on principal adds $4,194/yr, and five-year appreciation sums $179,583 alongside rental yield of 9.97%. Five-year ROI measures 131.44% and total cumulative return in cash totals $281,090.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,400/mo property income versus a $3,181/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1893
8,712 sqft 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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