9131 Newcastle 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
Rental property for sale in Morton Grove at 9131 Newcastle Ave, Morton Grove, IL, 60053 generates $4,319/mo in rent and, after a $2,203/mo payment, leaves $1,197/mo in cash flow. Total monthly income is $4,319/mo, and annual cash flow is $14,367/yr on $149,175 invested. Return on cash invested sits at 29.54% in year one, and rental yield is 11.52% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 155.49% and total cumulative return in cash sums $231,954. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,319/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
4,960 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: Norma Diaz • Century 21 Universal
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12513932