916 E Old Willow Rd UNIT 203Prospect HeightsIL60070
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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 Prospect Heights at 916 E Old Willow Rd UNIT 203, Prospect Heights, IL, 60070 uses $94,478 cash to close to unlock $3,361/yr annual cash flow and $280/mo monthly cash flow. Total monthly income runs $2,257/mo, and a $1,395/mo payment keeps the spread at $280/mo. Purchase price stands at $285,000, and rental yield measures 9.5% with $2,257/mo rent. Return on cash invested shows 23.47% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 122.94% and total cumulative return in cash records $116,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,257/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Condo
Built in 1950
15.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60070, Prospect Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,521 (100%) |
| Owner Occupied HU | 3,960 (60.7%) |
| Renter Occupied HU | 2,166 (33.2%) |
| Vacant Housing Units | 395 ( 6.1%) |
| Median Home Value | $328,767 |
| Average Home Value | $362,054 |
Housing Distribution
Address Breakdown
Residential
6,470
Single Family
3,637
Multi-Family
2,833
Businesses
411
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