11 W Palatine RdProspect 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 11 W Palatine Rd, Prospect Heights, IL, 60070 listed at $475,000 pairs $4,380/mo rent with a $2,325/mo payment to leave $1,085/mo cash flow. Total monthly income runs $4,380/mo, and annual cash flow reaches $13,022/yr on $157,463 cash to close. Return on cash invested measures 28.18% in year one, and rental yield registers 11.07% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 148.18% and total cumulative return in cash totals $233,335. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,380/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.88 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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Listed by: Joanna Lewis • Real People Realty Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12473559