718 Prospect AveKirklandIL60146
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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 Kirkland at 718 Prospect Ave, Kirkland, IL, 60146 uses $64,643 cash to close to unlock $2,122/yr annual cash flow and $177/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $954/mo payment keeps the spread at $177/mo. Purchase price stands at $195,000, and rental yield measures 9.41% with $1,529/mo rent. Return on cash invested shows 23.19% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 121.44% and total cumulative return in cash records $78,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 2003
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60146, Kirkland, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 991 (100%) |
| Owner Occupied HU | 772 (77.9%) |
| Renter Occupied HU | 170 (17.2%) |
| Vacant Housing Units | 49 ( 4.9%) |
| Median Home Value | $223,410 |
| Average Home Value | $240,074 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
611
Multi-Family
0
Businesses
50
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