8717 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 8717 Gross Point Rd, Skokie, IL, 60077 uses $180,917 cash to close to unlock $2,139/yr annual cash flow and $178/mo monthly cash flow. Total monthly income runs $3,992/mo, and a $2,691/mo payment keeps the spread at $178/mo. Purchase price stands at $549,900, and rental yield measures 8.71% with $3,992/mo rent. Return on cash invested shows 21.24% in year one, and 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 110.96% and total cumulative return in cash records $200,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,992/mo property income covering a $2,691/mo payment rather than investor’s personal income.
Single Family
Built in 1969
4,991 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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