751 N Northwest HwyPark RidgeIL60068
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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 Park Ridge at 751 N Northwest Hwy, Park Ridge, IL, 60068 priced at $649,900 converts $3,126/mo rent into after a $3,181/mo obligation. Total monthly income equals $3,126/mo. Return on cash invested prints 12.3% in year one, and rental yield reads 5.77% against a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation compiles into $179,555 by year five. Five-year ROI reaches 63.03% and total cumulative return in cash sums $134,778. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,126/mo property income covering a $3,181/mo payment, not borrower’s personal income.
Multi Family
Built in 1958
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60068, Park Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,048 (100%) |
| Owner Occupied HU | 12,137 (80.7%) |
| Renter Occupied HU | 2,171 (14.4%) |
| Vacant Housing Units | 740 ( 4.9%) |
| Median Home Value | $532,331 |
| Average Home Value | $584,680 |
Housing Distribution
Address Breakdown
Residential
15,052
Single Family
12,148
Multi-Family
2,904
Businesses
1,440
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Listed by: Ikhlass Jubrail • Century 21 Circle
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12542916