6628 Davis 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
Investment property for sale in Morton Grove at 6628 Davis St, Morton Grove, IL, 60053 offers a 8.67% rental yield on a $595,000 purchase with $4,300/mo rent. Total monthly income registers $4,300/mo, and a $2,912/mo payment leaves $173/mo available for distribution. Annual cash flow reaches $2,078/yr on $195,755 to close, and return on cash invested stands at 21.12% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 110.31% and total cumulative return in cash at $215,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,300/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
9,709 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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Listed by: Tricia Belletire • Fulton Grace Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12536299