7201 W Wellington Ave APT D1Elmwood ParkIL60707
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
Investment property for sale in Elmwood Park at 7201 W Wellington Ave APT D1, Elmwood Park, IL, 60707 listed at $209,900 pairs $1,459/mo rent with a $1,027/mo payment to leave $3/mo cash flow. Total monthly income runs $1,459/mo, and annual cash flow reaches $41/yr on $69,582 cash to close. Return on cash invested measures 19.97% in year one, and rental yield registers 8.34% at a $209,900 basis. Equity gained on principal adds $1,354/yr, and annual property appreciation at 5% supports $57,992 by year five. Five-year ROI tracks 104.18% and total cumulative return in cash totals $72,488. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,459/mo property income relative to a $1,027/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60707, Elmwood Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,103 (100%) |
| Owner Occupied HU | 10,714 (62.6%) |
| Renter Occupied HU | 5,452 (31.9%) |
| Vacant Housing Units | 937 ( 5.5%) |
| Median Home Value | $338,856 |
| Average Home Value | $357,155 |
Housing Distribution
Address Breakdown
Residential
16,178
Single Family
10,741
Multi-Family
5,437
Businesses
689
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rosa Dante • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549087