706 N Western Ave APT BPark RidgeIL60068
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 Park Ridge at 706 N Western Ave APT B, Park Ridge, IL, 60068 generates $3,145/mo in rent and, after a $1,664/mo payment, leaves $787/mo in cash flow. Total monthly income is $3,145/mo, and annual cash flow is $9,442/yr on $112,710 invested. Return on cash invested sits at 28.29% in year one, and rental yield is 11.1% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 148.74% and total cumulative return in cash sums $167,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,145/mo property income rather than buyer’s personal income.
Townhouse
Built in 1962
1,621 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Thornton • Keller Williams Premiere Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12534490