814 N River Rd APT 2CMount ProspectIL60056
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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 Mount Prospect at 814 N River Rd APT 2C, Mount Prospect, IL, 60056 listed at $183,900 pairs $1,387/mo rent with a $900/mo payment to leave $112/mo cash flow. Total monthly income runs $1,387/mo, and annual cash flow reaches $1,338/yr on $60,963 cash to close. Return on cash invested measures 22.1% in year one, and rental yield registers 9.05% at a $183,900 basis. Equity gained on principal adds $1,187/yr, and annual property appreciation at 5% supports $50,808 by year five. Five-year ROI tracks 115.65% and total cumulative return in cash totals $70,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,387/mo property income relative to a $900/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60056, Mount Prospect, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,127 (100%) |
| Owner Occupied HU | 15,209 (65.8%) |
| Renter Occupied HU | 6,742 (29.2%) |
| Vacant Housing Units | 1,176 ( 5.1%) |
| Median Home Value | $381,904 |
| Average Home Value | $403,258 |
Housing Distribution
Address Breakdown
Residential
22,824
Single Family
14,590
Multi-Family
8,234
Businesses
1,390
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Listed by: Blake Bauer • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12422912