7240 N Lowell AveLincolnwoodIL60712
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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 Lincolnwood at 7240 N Lowell Ave, Lincolnwood, IL, 60712 priced at $679,000 converts $5,183/mo rent into $474/mo cash flow after a $3,323/mo obligation. Total monthly income equals $5,183/mo, and annual cash flow totals $5,684/yr on $223,391 invested. Return on cash invested prints 22.6% in year one, and rental yield reads 9.16% against a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation compiles into $187,595 by year five. Five-year ROI reaches 118.25% and total cumulative return in cash sums $264,155. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,183/mo property income covering a $3,323/mo payment, not borrower’s personal income.
Single Family
Built in 1965
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60712, Lincolnwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,008 (100%) |
| Owner Occupied HU | 3,891 (77.7%) |
| Renter Occupied HU | 761 (15.2%) |
| Vacant Housing Units | 356 ( 7.1%) |
| Median Home Value | $470,486 |
| Average Home Value | $542,312 |
Housing Distribution
Address Breakdown
Residential
5,205
Single Family
3,928
Multi-Family
1,277
Businesses
641
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