570 Happ RdNorthfieldIL60093
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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 Northfield at 570 Happ Rd, Northfield, IL, 60093 offers a 4.27% rental yield on a $1,399,000 purchase with $4,978/mo rent. 86% in year one. Equity gained on principal adds $9,028/yr while 5% annual appreciation supports $386,518 over five years. Portfolio math shows five-year ROI at 39.13% and total cumulative return in cash at $177,377. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,978/mo property income against a $6,847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60093, Winnetka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,467 (100%) |
| Owner Occupied HU | 6,087 (81.5%) |
| Renter Occupied HU | 830 (11.1%) |
| Vacant Housing Units | 550 ( 7.4%) |
| Median Home Value | $1,040,224 |
| Average Home Value | $1,169,454 |
Housing Distribution
Address Breakdown
Residential
7,434
Single Family
6,177
Multi-Family
1,257
Businesses
1,223
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Listed by: Christie Ascione • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12390240