707 W Central Rd APT A6Mount 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 707 W Central Rd APT A6, Mount Prospect, IL, 60056 earns $113/mo cash flow from $1,376/mo rent with a $891/mo payment. Total monthly income totals $1,376/mo, and annual cash flow totals $1,361/yr on $60,333 capital. ROI tracks 22.16% on current figures, and rental yield reads 9.07% at a $182,000 purchase. Equity gained on principal adds $1,174/yr, and 5% annual appreciation supports $50,283 over five years. Five-year ROI reaches 115.97% and total cumulative return in cash sums $69,969. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,376/mo property income instead of your personal income.
Condo
Built in 1978
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: Niki Metropoulos, GRI • RE/MAX At Home
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12506215