113 W Elk St #313Carol StreamIL60188
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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 Carol Stream at 113 W Elk St #313, Carol Stream, IL, 60188 listed at $189,000 pairs $1,446/mo rent with a $925/mo payment to leave $135/mo cash flow. Total monthly income runs $1,446/mo, and annual cash flow reaches $1,621/yr on $62,654 cash to close. Return on cash invested measures 22.5% in year one, and rental yield registers 9.18% at a $189,000 basis. Equity gained on principal adds $1,220/yr, and annual property appreciation at 5% supports $52,217 by year five. Five-year ROI tracks 117.77% and total cumulative return in cash totals $73,786. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,446/mo property income relative to a $925/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60188, Carol Stream, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,043 (100%) |
| Owner Occupied HU | 10,560 (65.8%) |
| Renter Occupied HU | 4,637 (28.9%) |
| Vacant Housing Units | 846 ( 5.3%) |
| Median Home Value | $343,118 |
| Average Home Value | $361,326 |
Housing Distribution
Address Breakdown
Residential
15,438
Single Family
11,655
Multi-Family
3,783
Businesses
1,352
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Listed by: Ketan Thakkar • Real People Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12488310