830 Elder Rd #B303HomewoodIL60430
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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 #B303, Homewood, IL, 60430 listed at $137,500 pairs $1,089/mo rent with a $673/mo payment to leave $135/mo cash flow. Total monthly income runs $1,089/mo, and annual cash flow reaches $1,623/yr on $45,581 cash to close. Return on cash invested measures 23.47% in year one, and rental yield registers 9.5% at a $137,500 basis. Equity gained on principal adds $887/yr, and annual property appreciation at 5% supports $37,989 by year five. Five-year ROI tracks 123.01% and total cumulative return in cash totals $56,069. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,089/mo property income relative to a $673/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
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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