8646 E Prairie RdSkokieIL60076
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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 8646 E Prairie Rd, Skokie, IL, 60076 earns $25/mo cash flow from $3,840/mo rent with a $2,692/mo payment. Total monthly income totals $3,840/mo, and annual cash flow totals $301/yr on $180,950 capital. ROI tracks 20.23% on current figures, and rental yield reads 8.38% at a $550,000 purchase. Equity gained on principal adds $3,549/yr, and 5% annual appreciation supports $151,955 over five years. Five-year ROI reaches 105.52% and total cumulative return in cash sums $190,930. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,840/mo property income instead of your personal income.
Single Family
Built in 1950
7,812 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60076, Skokie, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,989 (100%) |
| Owner Occupied HU | 8,721 (72.7%) |
| Renter Occupied HU | 2,682 (22.4%) |
| Vacant Housing Units | 586 ( 4.9%) |
| Median Home Value | $390,819 |
| Average Home Value | $432,471 |
Housing Distribution
Address Breakdown
Residential
11,730
Single Family
9,024
Multi-Family
2,706
Businesses
1,396
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