6950 W Forest Preserve Dr APT 207NorridgeIL60706
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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 Norridge at 6950 W Forest Preserve Dr APT 207, Norridge, IL, 60706 listed at $250,000 pairs $1,767/mo rent with a $1,224/mo payment to leave $33/mo cash flow. Total monthly income runs $1,767/mo, and annual cash flow reaches $391/yr on $82,875 cash to close. Return on cash invested measures 20.38% in year one, and rental yield registers 8.48% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 106.38% and total cumulative return in cash totals $88,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,767/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A 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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