7604 W Lawrence Ave UNIT 1BHarwood 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 7604 W Lawrence Ave UNIT 1B, Harwood Heights, IL, 60706 uses $78,864 cash to close to unlock $687/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $1,707/mo, and a $1,164/mo payment keeps the spread at $57/mo. Purchase price stands at $237,900, and rental yield measures 8.61% with $1,707/mo rent. Return on cash invested shows 20.78% in year one, and 5% annual appreciation builds toward $65,727 over five years. Five-year ROI reaches 108.56% and total cumulative return in cash records $85,611. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,707/mo property income covering a $1,164/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No 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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Listed by: Ted Krzysztofiak • RE/MAX City
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12542342