8802 N Prospect StNilesIL60714
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Niles at 8802 N Prospect St, Niles, IL, 60714 generates $2,640/mo in rent and, after a $1,530/mo payment, leaves $472/mo in cash flow. Total monthly income is $2,640/mo, and annual cash flow is $5,664/yr on $103,594 invested. Return on cash invested sits at 25.38% in year one, and rental yield is 10.14% on a $312,500 entry. Equity gained on principal adds $2,017/yr, while 5% annual appreciation builds toward $86,338 over five years. Five-year ROI reaches 133.12% and total cumulative return in cash sums $137,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,640/mo property income rather than buyer’s personal income.
Townhouse
Built in 1964
1,102 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60714, Niles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,300 (100%) |
| Owner Occupied HU | 9,267 (69.7%) |
| Renter Occupied HU | 3,267 (24.6%) |
| Vacant Housing Units | 766 ( 5.8%) |
| Median Home Value | $355,617 |
| Average Home Value | $390,652 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
8,229
Multi-Family
3,909
Businesses
1,257
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices