903 Elder Rd APT 7HomewoodIL60430
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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 Homewood at 903 Elder Rd APT 7, Homewood, IL, 60430 uses $38,123 cash to close to unlock $1,454/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $919/mo, and a $563/mo payment keeps the spread at $121/mo. Purchase price stands at $115,000, and rental yield measures 9.59% with $919/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 124.39% and total cumulative return in cash records $47,421. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $919/mo property income covering a $563/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60430, Homewood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,261 (100%) |
| Owner Occupied HU | 6,344 (76.8%) |
| Renter Occupied HU | 1,497 (18.1%) |
| Vacant Housing Units | 420 ( 5.1%) |
| Median Home Value | $235,144 |
| Average Home Value | $259,234 |
Housing Distribution
Address Breakdown
Residential
8,130
Single Family
6,573
Multi-Family
1,557
Businesses
927
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