8846 Austin AveMorton GroveIL60053
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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 Morton Grove at 8846 Austin Ave, Morton Grove, IL, 60053 earns $269/mo cash flow from $3,598/mo rent with a $2,349/mo payment. Total monthly income totals $3,598/mo, and annual cash flow totals $3,230/yr on $159,087 capital. ROI tracks 21.94% on current figures, and rental yield reads 9% at a $479,900 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,588 over five years. Five-year ROI reaches 114.73% and total cumulative return in cash sums $182,517. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,598/mo property income instead of your personal income.
Single Family
Built in 1953
6,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60053, Morton Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,084 (100%) |
| Owner Occupied HU | 7,664 (84.4%) |
| Renter Occupied HU | 1,089 (12.0%) |
| Vacant Housing Units | 331 ( 3.6%) |
| Median Home Value | $382,199 |
| Average Home Value | $415,148 |
Housing Distribution
Address Breakdown
Residential
9,375
Single Family
7,715
Multi-Family
1,660
Businesses
692
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Listed by: Harris Ali • Sky High Real Estate Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12507773