7700 W North Ave APT 5AElmwood ParkIL60707
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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 Elmwood Park at 7700 W North Ave APT 5A, Elmwood Park, IL, 60707 listed at $307,000 pairs $2,205/mo rent with a $1,503/mo payment to leave $75/mo cash flow. Total monthly income runs $2,205/mo, and annual cash flow reaches $902/yr on $101,771 cash to close. Return on cash invested measures 20.8% in year one, and rental yield registers 8.62% at a $307,000 basis. Equity gained on principal adds $1,981/yr, and annual property appreciation at 5% supports $84,818 by year five. Five-year ROI tracks 108.61% and total cumulative return in cash totals $110,534. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,205/mo property income relative to a $1,503/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
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
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Listed by: Elizabeth August • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12518226