700 Florence DrPark RidgeIL60068
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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 Park Ridge at 700 Florence Dr, Park Ridge, IL, 60068 with 5% annual appreciation on a $980,000 basis while $3,366/mo rent supports operations. 29% in year one. Equity gained on principal adds $6,324/yr, and five-year appreciation sums $270,756 alongside rental yield of 4.12%. Five-year ROI measures 36.12% and total cumulative return in cash totals $116,472. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,366/mo property income versus a $4,797/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
5,875 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60068, Park Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,048 (100%) |
| Owner Occupied HU | 12,137 (80.7%) |
| Renter Occupied HU | 2,171 (14.4%) |
| Vacant Housing Units | 740 ( 4.9%) |
| Median Home Value | $532,331 |
| Average Home Value | $584,680 |
Housing Distribution
Address Breakdown
Residential
15,052
Single Family
12,148
Multi-Family
2,904
Businesses
1,440
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Listed by: Adrian Mitocaru • Rexx Real Estate Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12535072