7840 W North Ave APT 4EElmwood ParkIL60707
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 7840 W North Ave APT 4E, Elmwood Park, IL, 60707 in Elmwood Park is narrow, $136/mo net on $1,376/mo rent after the $652/mo debt service, but the property operates at break-even-plus, not a loss. At $145,000 with a 11.39% yield, the long-run equity case via 5% appreciation ($40,061 over five years) and $1,335/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 2.11 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $79,282.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 6.0% |
| Monthly Cash Flow | $136 | $300 |
City averages based on Elmwood Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,376 |
| Total Monthly Debt Service | $948 |
| DSCR Ratio | 1.45x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1967
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sarah Leonard, E-PRO • Legacy Properties, A Sarah Leonard Company, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12569064