626 Homewood Ave APT 401Highland ParkIL60035
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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 Highland Park at 626 Homewood Ave APT 401, Highland Park, IL, 60035 listed at $779,000 pairs $4,091/mo rent with a $3,813/mo payment. Total monthly income runs $4,091/mo. Return on cash invested measures 13.92% in year one, and rental yield registers 6.3% at a $779,000 basis. Equity gained on principal adds $5,027/yr, and annual property appreciation at 5% supports $215,223 by year five. Five-year ROI tracks 71.66% and total cumulative return in cash totals $183,650. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,091/mo property income relative to a $3,813/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60035, Highland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,863 (100%) |
| Owner Occupied HU | 9,703 (75.4%) |
| Renter Occupied HU | 2,277 (17.7%) |
| Vacant Housing Units | 883 ( 6.9%) |
| Median Home Value | $622,178 |
| Average Home Value | $723,407 |
Housing Distribution
Address Breakdown
Residential
12,092
Single Family
10,163
Multi-Family
1,929
Businesses
1,261
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Listed by: Linda Barbera-Stein • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12468431