116 Penn CtGlenviewIL60026
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Glenview at 116 Penn Ct, Glenview, IL, 60026 priced at $575,000 converts $8,957/mo rent into $4,195/mo cash flow after a $2,814/mo obligation. Total monthly income equals $8,957/mo, and annual cash flow totals $50,340/yr on $189,175 invested. Return on cash invested prints 46.67% in year one, and rental yield reads 18.69% against a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation compiles into $158,862 by year five. Five-year ROI reaches 249.1% and total cumulative return in cash sums $471,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,957/mo property income covering a $2,814/mo payment, not borrower’s personal income.
Townhouse
Built in 1990
N/A lot
$N/A/sqft
$774 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60026, Glenview Nas, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,768 (100%) |
| Owner Occupied HU | 4,012 (69.6%) |
| Renter Occupied HU | 1,278 (22.2%) |
| Vacant Housing Units | 478 ( 8.3%) |
| Median Home Value | $661,570 |
| Average Home Value | $709,507 |
Housing Distribution
Address Breakdown
Residential
5,764
Single Family
4,260
Multi-Family
1,504
Businesses
512
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Nearby investment properties with comparable prices
Listed by: Richard Mell • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12094838
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)