8330 Harding AveSkokieIL60076
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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 Skokie at 8330 Harding Ave, Skokie, IL, 60076 priced at $389,700 converts $3,989/mo rent into $1,286/mo cash flow after a $1,907/mo obligation. Total monthly income equals $3,989/mo, and annual cash flow totals $15,436/yr on $129,186 invested. Return on cash invested prints 31.86% in year one, and rental yield reads 12.28% against a $389,700 entry. Equity gained on principal adds $2,515/yr, while 5% annual appreciation compiles into $107,667 by year five. Five-year ROI reaches 167.92% and total cumulative return in cash sums $216,922. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,989/mo property income covering a $1,907/mo payment, not borrower’s personal income.
Single Family
Built in 1956
4,917 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60076, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,989 (100%) |
| Owner Occupied HU | 8,721 (72.7%) |
| Renter Occupied HU | 2,682 (22.4%) |
| Vacant Housing Units | 586 ( 4.9%) |
| Median Home Value | $390,819 |
| Average Home Value | $432,471 |
Housing Distribution
Address Breakdown
Residential
11,730
Single Family
9,024
Multi-Family
2,706
Businesses
1,396
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Listed by: Ruby Park • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12139300
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)