816 E Old Willow Rd APT 116Prospect HeightsIL60070
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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 Prospect Heights at 816 E Old Willow Rd APT 116, Prospect Heights, IL, 60070 offers a 9.29% rental yield on a $189,000 purchase with $1,463/mo rent. Total monthly income registers $1,463/mo, and a $925/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,825/yr on $62,654 to close, and return on cash invested stands at 22.82% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 119.51% and total cumulative return in cash at $74,878. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,463/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60070, Prospect Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,521 (100%) |
| Owner Occupied HU | 3,960 (60.7%) |
| Renter Occupied HU | 2,166 (33.2%) |
| Vacant Housing Units | 395 ( 6.1%) |
| Median Home Value | $328,767 |
| Average Home Value | $362,054 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
3,637
Multi-Family
2,833
Businesses
411
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Listed by: Robbin Muhr • Keller Williams Realty Ptnr,LL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12448030