6348 Hennings CtMorton 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
Investment property for sale in Morton Grove at 6348 Hennings Ct, Morton Grove, IL, 60053 earns $1,270/mo cash flow from $4,943/mo rent with a $2,592/mo payment. Total monthly income totals $4,943/mo, and annual cash flow totals $15,239/yr on $174,206 capital. ROI tracks 28.81% on current figures, and rental yield reads 11.2% at a $529,500 purchase. Equity gained on principal adds $3,417/yr, and 5% annual appreciation supports $146,291 over five years. Five-year ROI reaches 151.51% and total cumulative return in cash sums $263,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,943/mo property income instead of your personal income.
Home Type Unknown
Built in N/A
N/A 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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Nearby investment properties with comparable prices
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