1119 E Algonquin Rd APT 2Arlington 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 2, Arlington Heights, IL, 60005 uses $56,024 cash to close to unlock $2,087/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,346/mo, and a $827/mo payment keeps the spread at $174/mo. Purchase price stands at $169,000, and rental yield measures 9.56% with $1,346/mo rent. Return on cash invested shows 23.63% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 123.8% and total cumulative return in cash records $69,355. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,346/mo property income covering a $827/mo payment rather than investor’s personal income.
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: Dimitris Mellos • James Group Properties LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12528504