6850 Cermak Rd APT 1BBerwynIL60402
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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 Berwyn at 6850 Cermak Rd APT 1B, Berwyn, IL, 60402 uses $68,256 cash to close to unlock $1,051/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,516/mo, and a $1,008/mo payment keeps the spread at $88/mo. Purchase price stands at $205,900, and rental yield measures 8.84% with $1,516/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $56,886 over five years. Five-year ROI reaches 112.11% and total cumulative return in cash records $76,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,516/mo property income covering a $1,008/mo payment rather than investor’s personal income.
Condo
Built in 1957
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60402, Berwyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,551 (100%) |
| Owner Occupied HU | 13,492 (57.3%) |
| Renter Occupied HU | 8,440 (35.8%) |
| Vacant Housing Units | 1,619 ( 6.9%) |
| Median Home Value | $296,945 |
| Average Home Value | $317,742 |
Housing Distribution
Address Breakdown
Residential
20,291
Single Family
15,801
Multi-Family
4,490
Businesses
1,041
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