832 E Old Willow Rd APT 106Prospect 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
Rental property for sale in Prospect Heights at 832 E Old Willow Rd APT 106, Prospect Heights, IL, 60070 generates $1,234/mo in rent and, after a $773/mo payment, leaves $139/mo in cash flow. Total monthly income is $1,234/mo, and annual cash flow is $1,663/yr on $52,344 invested. Return on cash invested sits at 23.09% in year one, and rental yield is 9.38% on a $157,900 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation builds toward $43,625 over five years. Five-year ROI reaches 120.89% and total cumulative return in cash sums $63,278. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,234/mo property income rather than buyer’s personal income.
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: Joanna Piekarski • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12508889