845 E 22nd St APT 312LombardIL60148
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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 Lombard at 845 E 22nd St APT 312, Lombard, IL, 60148 uses $118,412 cash to close to unlock $4,161/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $2,824/mo, and a $1,748/mo payment keeps the spread at $347/mo. Purchase price stands at $357,200, and rental yield measures 9.49% with $2,824/mo rent. Return on cash invested shows 23.42% in year one, and 5% annual appreciation builds toward $98,688 over five years. Five-year ROI reaches 122.67% and total cumulative return in cash records $145,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,824/mo property income covering a $1,748/mo payment rather than investor’s personal income.
Condo
Built in 2007
6.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60148, Lombard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,872 (100%) |
| Owner Occupied HU | 15,176 (66.4%) |
| Renter Occupied HU | 6,456 (28.2%) |
| Vacant Housing Units | 1,240 ( 5.4%) |
| Median Home Value | $357,055 |
| Average Home Value | $390,991 |
Housing Distribution
Address Breakdown
Residential
22,434
Single Family
15,389
Multi-Family
7,045
Businesses
2,092
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