644 Harrison St APT 1Oak ParkIL60304
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oak Park at 644 Harrison St APT 1, Oak Park, IL, 60304 uses $55,858 cash to close to unlock $2,220/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $1,354/mo, and a $825/mo payment keeps the spread at $185/mo. Purchase price stands at $168,500, and rental yield measures 9.64% with $1,354/mo rent. Return on cash invested shows 23.88% in year one, and 5% annual appreciation builds toward $46,553 over five years. Five-year ROI reaches 125.11% and total cumulative return in cash records $69,882. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,354/mo property income covering a $825/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60304, Oak Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,341 (100%) |
| Owner Occupied HU | 4,750 (64.7%) |
| Renter Occupied HU | 2,103 (28.6%) |
| Vacant Housing Units | 488 ( 6.6%) |
| Median Home Value | $460,565 |
| Average Home Value | $488,407 |
Housing Distribution
Address Breakdown
Residential
6,874
Single Family
4,960
Multi-Family
1,914
Businesses
487
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices