7707 Lake StMorton GroveIL60053
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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 Morton Grove at 7707 Lake St, Morton Grove, IL, 60053 listed at $785,000 pairs $5,000/mo rent with a $3,842/mo payment. Total monthly income runs $5,000/mo. Return on cash invested measures 17.99% in year one, and rental yield registers 7.64% at a $785,000 basis. Equity gained on principal adds $5,065/yr, and annual property appreciation at 5% supports $216,881 by year five. Five-year ROI tracks 93.54% and total cumulative return in cash totals $241,574. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,000/mo property income relative to a $3,842/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
7,437 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60053, Morton Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,084 (100%) |
| Owner Occupied HU | 7,664 (84.4%) |
| Renter Occupied HU | 1,089 (12.0%) |
| Vacant Housing Units | 331 ( 3.6%) |
| Median Home Value | $382,199 |
| Average Home Value | $415,148 |
Housing Distribution
Address Breakdown
Residential
9,375
Single Family
7,715
Multi-Family
1,660
Businesses
692
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Listed by: N/A • N/A
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