881 Clover Ridge LnItascaIL60143
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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 Itasca at 881 Clover Ridge Ln, Itasca, IL, 60143 priced at $655,000 converts $4,624/mo rent into $23/mo cash flow after a $3,206/mo obligation. Total monthly income equals $4,624/mo, and annual cash flow totals $273/yr on $215,495 invested. Return on cash invested prints 20.19% in year one, and rental yield reads 8.47% against a $655,000 entry. Equity gained on principal adds $4,227/yr, while 5% annual appreciation compiles into $180,964 by year five. Five-year ROI reaches 105.4% and total cumulative return in cash sums $227,135. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,624/mo property income covering a $3,206/mo payment, not borrower’s personal income.
Single Family
Built in 2003
8,712 sqft lot
$N/A/sqft
$23 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60143, Itasca, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,186 (100%) |
| Owner Occupied HU | 3,041 (72.6%) |
| Renter Occupied HU | 940 (22.5%) |
| Vacant Housing Units | 205 ( 4.9%) |
| Median Home Value | $436,032 |
| Average Home Value | $511,510 |
Housing Distribution
Address Breakdown
Residential
4,274
Single Family
3,440
Multi-Family
834
Businesses
881
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