5849 Emerson StMorton GroveIL60053
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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 Morton Grove at 5849 Emerson St, Morton Grove, IL, 60053 priced at $561,000 converts $5,494/mo rent into $1,287/mo cash flow after a $2,746/mo obligation. Total monthly income equals $5,494/mo, and annual cash flow totals $15,439/yr on $184,569 invested. Return on cash invested prints 28.43% in year one, and rental yield reads 11.75% against a $561,000 entry. Equity gained on principal adds $3,620/yr, while 5% annual appreciation compiles into $154,994 by year five. Five-year ROI reaches 150.2% and total cumulative return in cash sums $277,231. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,494/mo property income covering a $2,746/mo payment, not borrower’s personal income.
Single Family
Built in 1957
7,448 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60053, Morton Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,084 (100%) |
| Owner Occupied HU | 7,664 (84.4%) |
| Renter Occupied HU | 1,089 (12.0%) |
| Vacant Housing Units | 331 ( 3.6%) |
| Median Home Value | $382,199 |
| Average Home Value | $415,148 |
Housing Distribution
Address Breakdown
Residential
9,375
Single Family
7,715
Multi-Family
1,660
Businesses
692
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