8464 Gross Point RdSkokieIL60077
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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 Skokie at 8464 Gross Point Rd, Skokie, IL, 60077 earns $316/mo cash flow from $4,112/mo rent with a $2,679/mo payment. Total monthly income totals $4,112/mo, and annual cash flow totals $3,787/yr on $180,062 capital. ROI tracks 22.16% on current figures, and rental yield reads 9.02% at a $547,300 purchase. Equity gained on principal adds $3,532/yr, and 5% annual appreciation supports $151,209 over five years. Five-year ROI reaches 115.89% and total cumulative return in cash sums $208,682. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,112/mo property income instead of your personal income.
Single Family
Built in 1941
8,298 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60077, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,412 (100%) |
| Owner Occupied HU | 6,835 (59.9%) |
| Renter Occupied HU | 3,980 (34.9%) |
| Vacant Housing Units | 597 ( 5.2%) |
| Median Home Value | $354,218 |
| Average Home Value | $389,827 |
Housing Distribution
Address Breakdown
Residential
11,210
Single Family
5,188
Multi-Family
6,022
Businesses
1,340
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