7733 W Belmont Ave APT 306Elmwood 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 7733 W Belmont Ave APT 306, Elmwood Park, IL, 60707 uses $52,211 cash to close to unlock $3,401/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,376/mo, and a $771/mo payment keeps the spread at $283/mo. Purchase price stands at $157,500, and rental yield measures 10.48% with $1,376/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash records $72,477. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,376/mo property income covering a $771/mo payment rather than investor’s personal income.
Condo
Built in 1965
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: Alexander Landowski • Seed Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12541423