6520 W Gunnison StHarwood HeightsIL60706
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
Rental property for sale in Harwood Heights at 6520 W Gunnison St, Harwood Heights, IL, 60706 offers $2,636/mo rent that, after a $4,356/mo payment. Total monthly income is $2,636/mo. Return on cash invested measures 5.56% in year one, and rental yield stands at 3.55% at a $889,900 entry. Equity gained on principal adds $5,742/yr while 5% annual appreciation compounds into $245,863 by year five. Five-year ROI records 26.88% and total cumulative return in cash reaches $78,705. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,636/mo property income versus a $4,356/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1985
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60706, Harwood Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,776 (100%) |
| Owner Occupied HU | 6,886 (70.4%) |
| Renter Occupied HU | 2,426 (24.8%) |
| Vacant Housing Units | 464 ( 4.7%) |
| Median Home Value | $360,180 |
| Average Home Value | $400,649 |
Housing Distribution
Address Breakdown
Residential
9,585
Single Family
7,225
Multi-Family
2,360
Businesses
618
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Listed by: Vickie Soupos • Fulton Grace Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #11993002
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)