905 La Porte AveMelrose ParkIL60164
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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 Melrose Park at 905 La Porte Ave, Melrose Park, IL, 60164 priced at $357,000 converts $3,112/mo rent into $636/mo cash flow after a $1,747/mo obligation. Total monthly income equals $3,112/mo, and annual cash flow totals $7,633/yr on $118,346 invested. Return on cash invested prints 26.36% in year one, and rental yield reads 10.46% against a $357,000 entry. Equity gained on principal adds $2,304/yr, while 5% annual appreciation compiles into $98,633 by year five. Five-year ROI reaches 138.44% and total cumulative return in cash sums $163,840. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,112/mo property income covering a $1,747/mo payment, not borrower’s personal income.
Single Family
Built in 1953
8,580 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60164, Melrose Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,356 (100%) |
| Owner Occupied HU | 5,078 (69.0%) |
| Renter Occupied HU | 1,787 (24.3%) |
| Vacant Housing Units | 491 ( 6.7%) |
| Median Home Value | $253,896 |
| Average Home Value | $283,058 |
Housing Distribution
Address Breakdown
Residential
7,059
Single Family
5,387
Multi-Family
1,672
Businesses
403
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Listed by: Amy Adorno • Executive Realty Group LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12360770
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)