7706 Kostner AveSkokieIL60076
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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 Skokie at 7706 Kostner Ave, Skokie, IL, 60076 priced at $401,400 converts $3,862/mo rent into $1,077/mo cash flow after a $1,965/mo obligation. Total monthly income equals $3,862/mo, and annual cash flow totals $12,930/yr on $133,064 invested. Return on cash invested prints 29.63% in year one, and rental yield reads 11.55% against a $401,400 entry. Equity gained on principal adds $2,590/yr, while 5% annual appreciation compiles into $110,899 by year five. Five-year ROI reaches 155.94% and total cumulative return in cash sums $207,503. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,862/mo property income covering a $1,965/mo payment, not borrower’s personal income.
Single Family
Built in 1963
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60076, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,989 (100%) |
| Owner Occupied HU | 8,721 (72.7%) |
| Renter Occupied HU | 2,682 (22.4%) |
| Vacant Housing Units | 586 ( 4.9%) |
| Median Home Value | $390,819 |
| Average Home Value | $432,471 |
Housing Distribution
Address Breakdown
Residential
11,730
Single Family
9,024
Multi-Family
2,706
Businesses
1,396
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