5305 Howard AveWestern SpringsIL60558
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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 Western Springs at 5305 Howard Ave, Western Springs, IL, 60558 offers a 5.38% rental yield on a $749,000 purchase with $3,360/mo rent. 12% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 56.68% and total cumulative return in cash at $139,672. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,360/mo property income against a $3,666/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60558, Western Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,731 (100%) |
| Owner Occupied HU | 4,286 (90.6%) |
| Renter Occupied HU | 235 ( 5.0%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $661,304 |
| Average Home Value | $755,342 |
Housing Distribution
Address Breakdown
Residential
4,697
Single Family
4,601
Multi-Family
96
Businesses
315
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Listed by: Carol Walsh Rosentreter • RE/MAX Premier
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12506178