840 Elder Rd #A405HomewoodIL60430
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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 Homewood at 840 Elder Rd #A405, Homewood, IL, 60430 generates $1,079/mo in rent and, after a $670/mo payment, leaves $130/mo in cash flow. Total monthly income is $1,079/mo, and annual cash flow is $1,554/yr on $45,382 invested. Return on cash invested sits at 23.33% in year one, and rental yield is 9.46% on a $136,900 entry. Equity gained on principal adds $883/yr, while 5% annual appreciation builds toward $37,823 over five years. Five-year ROI reaches 122.23% and total cumulative return in cash sums $55,473. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,079/mo property income rather than buyer’s personal income.
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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