705 W Burbank StHarvardIL60033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Harvard at 705 W Burbank St, Harvard, IL, 60033 priced at $193,999 converts $1,554/mo rent into $208/mo cash flow after a $950/mo obligation. Total monthly income equals $1,554/mo, and annual cash flow totals $2,495/yr on $64,311 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.61% against a $193,999 entry. Equity gained on principal adds $1,252/yr, while 5% annual appreciation compiles into $53,598 by year five. Five-year ROI reaches 124.62% and total cumulative return in cash sums $80,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,554/mo property income covering a $950/mo payment, not borrower’s personal income.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60033, Harvard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,189 (100%) |
| Owner Occupied HU | 3,315 (63.9%) |
| Renter Occupied HU | 1,551 (29.9%) |
| Vacant Housing Units | 323 ( 6.2%) |
| Median Home Value | $243,968 |
| Average Home Value | $284,540 |
Housing Distribution
Address Breakdown
Residential
4,948
Single Family
4,485
Multi-Family
463
Businesses
429
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