8627 School StMorton GroveIL60053
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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 Morton Grove at 8627 School St, Morton Grove, IL, 60053 priced at $499,900 pairs $3,592/mo rent with $124/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,592/mo, and annual cash flow comes to $1,492/yr on $165,717 invested. Return on cash invested is 20.81% in year one, and rental yield stands at 8.62% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 108.67% and total cumulative return in cash reaches $180,084. For financing, Ziffy Mortgage’s DSCR program evaluates $3,592/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1911
7,965 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60053, Morton Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,084 (100%) |
| Owner Occupied HU | 7,664 (84.4%) |
| Renter Occupied HU | 1,089 (12.0%) |
| Vacant Housing Units | 331 ( 3.6%) |
| Median Home Value | $382,199 |
| Average Home Value | $415,148 |
Housing Distribution
Address Breakdown
Residential
9,375
Single Family
7,715
Multi-Family
1,660
Businesses
692
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Listed by: Harris Ali • Sky High Real Estate Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12517392