5289 Harlem RdLoves ParkIL61111
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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 Loves Park at 5289 Harlem Rd, Loves Park, IL, 61111 uses $65,637 cash to close to unlock $2,565/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,587/mo, and a $969/mo payment keeps the spread at $214/mo. Purchase price stands at $198,000, and rental yield measures 9.62% with $1,587/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 124.8% and total cumulative return in cash records $81,916. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,587/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61111, Loves Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,578 (100%) |
| Owner Occupied HU | 6,876 (65.0%) |
| Renter Occupied HU | 3,248 (30.7%) |
| Vacant Housing Units | 454 ( 4.3%) |
| Median Home Value | $166,525 |
| Average Home Value | $191,823 |
Housing Distribution
Address Breakdown
Residential
10,594
Single Family
10,170
Multi-Family
424
Businesses
1,016
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Listed by: Larry Holen • Dickerson & Nieman
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501881
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.