7948 Merrimac AveBurbankIL60459
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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 Burbank at 7948 Merrimac Ave, Burbank, IL, 60459 generates $1,958/mo in rent, after a $1,419/mo payment. Total monthly income is $1,958/mo. Return on cash invested sits at 19.25% in year one, and rental yield is 8.1% on a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 100.26% and total cumulative return in cash sums $96,388. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,958/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60459, Burbank, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,671 (100%) |
| Owner Occupied HU | 7,436 (76.9%) |
| Renter Occupied HU | 1,864 (19.3%) |
| Vacant Housing Units | 371 ( 3.8%) |
| Median Home Value | $286,176 |
| Average Home Value | $306,851 |
Housing Distribution
Address Breakdown
Residential
9,489
Single Family
8,396
Multi-Family
1,093
Businesses
393
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