9146 Grand Ave APT 2NEFranklin ParkIL60131
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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 Franklin Park at 9146 Grand Ave APT 2NE, Franklin Park, IL, 60131 generates $1,614/mo in rent and, after a $1,121/mo payment, leaves $25/mo in cash flow. Total monthly income is $1,614/mo, and annual cash flow is $305/yr on $75,914 invested. Return on cash invested sits at 20.31% in year one, and rental yield is 8.46% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 106% and total cumulative return in cash sums $80,465. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,614/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60131, Franklin Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,547 (100%) |
| Owner Occupied HU | 4,443 (67.9%) |
| Renter Occupied HU | 1,787 (27.3%) |
| Vacant Housing Units | 317 ( 4.8%) |
| Median Home Value | $275,620 |
| Average Home Value | $288,640 |
Housing Distribution
Address Breakdown
Residential
6,296
Single Family
5,276
Multi-Family
1,020
Businesses
1,026
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Listed by: Karina Malkoc • Exit Realty Redefined
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12545133