830 Elder Rd #B104HomewoodIL60430
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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 Homewood at 830 Elder Rd #B104, Homewood, IL, 60430 uses $44,719 cash to close to unlock $1,507/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,061/mo, and a $660/mo payment keeps the spread at $126/mo. Purchase price stands at $134,900, and rental yield measures 9.44% with $1,061/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 121.95% and total cumulative return in cash records $54,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,061/mo property income covering a $660/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60430, Homewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,261 (100%) |
| Owner Occupied HU | 6,344 (76.8%) |
| Renter Occupied HU | 1,497 (18.1%) |
| Vacant Housing Units | 420 ( 5.1%) |
| Median Home Value | $235,144 |
| Average Home Value | $259,234 |
Housing Distribution
Address Breakdown
Residential
8,130
Single Family
6,573
Multi-Family
1,557
Businesses
927
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