7400 W Lawrence Ave UNIT 326Harwood HeightsIL60706
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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 Harwood Heights at 7400 W Lawrence Ave UNIT 326, Harwood Heights, IL, 60706 offers a 10.46% rental yield on a $335,000 purchase with $2,920/mo rent. Total monthly income registers $2,920/mo, and a $1,640/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,604/yr on $111,053 to close, and return on cash invested stands at 22.25% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 117.92% and total cumulative return in cash at $130,952. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,920/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1992
3.07 Acres lot
$N/A/sqft
$379 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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Nearby investment properties with comparable prices
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