1119 E Algonquin Rd APT 11Arlington HeightsIL60005
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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 Arlington Heights at 1119 E Algonquin Rd APT 11, Arlington Heights, IL, 60005 offers a 9.3% rental yield on a $174,900 purchase with $1,355/mo rent. Total monthly income registers $1,355/mo, and a $856/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,703/yr on $57,979 to close, and return on cash invested stands at 22.85% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 119.57% and total cumulative return in cash at $69,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,355/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60005, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,644 (100%) |
| Owner Occupied HU | 9,002 (61.5%) |
| Renter Occupied HU | 4,565 (31.2%) |
| Vacant Housing Units | 1,077 ( 7.4%) |
| Median Home Value | $395,064 |
| Average Home Value | $430,121 |
Housing Distribution
Address Breakdown
Residential
13,911
Single Family
7,200
Multi-Family
6,711
Businesses
1,456
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Listed by: Mustafa Owaynat • Kale Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12526114