879 North Ave, Park Ridge, IL, 60016 | 8.18% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,970/mo, and a $1,415/mo payment. Purchase price stands at $289,000, and rental yield measures 8.18% with $1,970/mo rent. Return on cash invested shows 19.47% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 101.46% and total cumulative return in cash records $97,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,970/mo property income covering a $1,415/mo payment rather than investor’s personal income.

Single Family

Built in 1953

7,100 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 60016, Des Plaines, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	26,341 (100%)
Owner Occupied HU	16,181 (61.4%)
Renter Occupied HU	8,194 (31.1%)
Vacant Housing Units	1,966 ( 7.5%)
Median Home Value	$323,180
Average Home Value	$335,747