842 E Old Willow Rd APT 206Prospect 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
Investment property for sale in Prospect Heights at 842 E Old Willow Rd APT 206, Prospect Heights, IL, 60070 uses $49,725 cash to close to unlock $7,101/yr annual cash flow and $592/mo monthly cash flow. Total monthly income runs $2,071/mo, and a $734/mo payment keeps the spread at $592/mo. Purchase price stands at $150,000, and rental yield measures 16.57% with $2,071/mo rent. Return on cash invested shows 34.19% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 184.27% and total cumulative return in cash records $91,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,071/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1968
20.14 Acres lot
$N/A/sqft
$439 monthly 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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