706 N Main StMount ProspectIL60056
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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 Mount Prospect at 706 N Main St, Mount Prospect, IL, 60056 uses $79,560 cash to close to unlock $12,000/yr annual cash flow and $1,000/mo monthly cash flow. Total monthly income runs $2,831/mo, and a $1,175/mo payment keeps the spread at $1,000/mo. Purchase price stands at $240,000, and rental yield measures 14.16% with $2,831/mo rent. Return on cash invested shows 34.99% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 185.61% and total cumulative return in cash records $147,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,831/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60056, Mount Prospect, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,127 (100%) |
| Owner Occupied HU | 15,209 (65.8%) |
| Renter Occupied HU | 6,742 (29.2%) |
| Vacant Housing Units | 1,176 ( 5.1%) |
| Median Home Value | $381,904 |
| Average Home Value | $403,258 |
Housing Distribution
Address Breakdown
Residential
22,824
Single Family
14,590
Multi-Family
8,234
Businesses
1,390
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A