703 Newcastle LnProspect HeightsIL60070
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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 Prospect Heights at 703 Newcastle Ln, Prospect Heights, IL, 60070 earns from $4,385/mo rent with a $3,279/mo payment. Total monthly income totals $4,385/mo. ROI tracks 18.64% on current figures, and rental yield reads 7.85% at a $669,900 purchase. Equity gained on principal adds $4,323/yr, and 5% annual appreciation supports $185,081 over five years. Five-year ROI reaches 96.97% and total cumulative return in cash sums $213,729. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,385/mo property income instead of your personal income.
Single Family
Built in 1986
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60070, Prospect Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,521 (100%) |
| Owner Occupied HU | 3,960 (60.7%) |
| Renter Occupied HU | 2,166 (33.2%) |
| Vacant Housing Units | 395 ( 6.1%) |
| Median Home Value | $328,767 |
| Average Home Value | $362,054 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
3,637
Multi-Family
2,833
Businesses
411
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Listed by: Dawn Simmons • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12501709