7916 W Altgeld StElmwood 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
Rental property for sale in Elmwood Park at 7916 W Altgeld St, Elmwood Park, IL, 60707 priced at $600,800 converts $4,853/mo rent into $685/mo cash flow after a $2,941/mo obligation. Total monthly income equals $4,853/mo, and annual cash flow totals $8,224/yr on $197,663 invested. Return on cash invested prints 24.22% in year one, and rental yield reads 9.69% against a $600,800 entry. Equity gained on principal adds $3,877/yr, while 5% annual appreciation compiles into $165,990 by year five. Five-year ROI reaches 126.94% and total cumulative return in cash sums $250,907. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,853/mo property income covering a $2,941/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4,000 sqft 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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