803 S Vine AvePark RidgeIL60068
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing803 S Vine Ave, Park Ridge, IL, 60068 in Park Ridge is a stable, well-positioned rental at $699,999. Rental yield 6.7%. DSCR 1.24 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $193,397 in value and $6,447/yr in principal paydown builds equity, a total projected return of $206,653.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(948) | $300 |
City averages based on Park Ridge market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,907 |
| Total Monthly Debt Service | $4,577 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1929
8,851 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60068, Park Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,048 (100%) |
| Owner Occupied HU | 12,137 (80.7%) |
| Renter Occupied HU | 2,171 (14.4%) |
| Vacant Housing Units | 740 ( 4.9%) |
| Median Home Value | $532,331 |
| Average Home Value | $584,680 |
Housing Distribution
Address Breakdown
Residential
15,052
Single Family
12,148
Multi-Family
2,904
Businesses
1,440
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
Single Family
Built in 1929
8,851 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60068, Park Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,048 (100%) |
| Owner Occupied HU | 12,137 (80.7%) |
| Renter Occupied HU | 2,171 (14.4%) |
| Vacant Housing Units | 740 ( 4.9%) |
| Median Home Value | $532,331 |
| Average Home Value | $584,680 |
Housing Distribution
Address Breakdown
Residential
15,052
Single Family
12,148
Multi-Family
2,904
Businesses
1,440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12590145