7110 W Cullom Ave UNIT 111NorridgeIL60706
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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
Rental property for sale in Norridge at 7110 W Cullom Ave UNIT 111, Norridge, IL, 60706 generates $2,483/mo in rent and, after a $1,288/mo payment, leaves $491/mo in cash flow. Total monthly income is $2,483/mo, and annual cash flow is $5,890/yr on $87,218 invested. Return on cash invested sits at 26.66% in year one, and rental yield is 11.32% on a $263,100 entry. Equity gained on principal adds $1,698/yr, while 5% annual appreciation builds toward $72,690 over five years. Five-year ROI reaches 140.87% and total cumulative return in cash sums $122,863. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,483/mo property income rather than buyer’s personal income.
Condo
Built in 1984
1.64 Acres lot
$N/A/sqft
$167 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60706, Harwood Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,776 (100%) |
| Owner Occupied HU | 6,886 (70.4%) |
| Renter Occupied HU | 2,426 (24.8%) |
| Vacant Housing Units | 464 ( 4.7%) |
| Median Home Value | $360,180 |
| Average Home Value | $400,649 |
Housing Distribution
Address Breakdown
Residential
9,585
Single Family
7,225
Multi-Family
2,360
Businesses
618
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