891 Central Ave APT 331Highland ParkIL60035
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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 Highland Park at 891 Central Ave APT 331, Highland Park, IL, 60035 listed at $170,000 pairs $1,329/mo rent with a $832/mo payment to leave $150/mo cash flow. Total monthly income runs $1,329/mo, and annual cash flow reaches $1,799/yr on $56,355 cash to close. Return on cash invested measures 23.1% in year one, and rental yield registers 9.38% at a $170,000 basis. Equity gained on principal adds $1,097/yr, and annual property appreciation at 5% supports $46,968 by year five. Five-year ROI tracks 120.94% and total cumulative return in cash totals $68,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,329/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60035, Highland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,863 (100%) |
| Owner Occupied HU | 9,703 (75.4%) |
| Renter Occupied HU | 2,277 (17.7%) |
| Vacant Housing Units | 883 ( 6.9%) |
| Median Home Value | $622,178 |
| Average Home Value | $723,407 |
Housing Distribution
Address Breakdown
Residential
12,092
Single Family
10,163
Multi-Family
1,929
Businesses
1,261
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Listed by: Carolyn Cerf • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12442309