116 Steeple Dr APT EBuffalo GroveIL60089
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 116 Steeple Dr APT E, Buffalo Grove, IL, 60089 in Buffalo Grove. Priced at $212,500, it generates $2,609/mo in gross rent and $886/mo in net monthly cash flow, a 14.73% yield that comfortably supports the 2.73 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,630. Five-year appreciation: $58,710. Equity from principal paydown: $1,957/yr. Total projected cumulative return: $139,391.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.7% | 6.2% |
| Monthly Cash Flow | $886 | $300 |
City averages based on Buffalo Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,609 |
| Total Monthly Debt Service | $1,638 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$249 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60089, Buffalo Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 13,591 (78.0%) |
| Renter Occupied HU | 3,161 (18.1%) |
| Vacant Housing Units | 676 ( 3.9%) |
| Median Home Value | $411,419 |
| Average Home Value | $435,801 |
Housing Distribution
Address Breakdown
Residential
16,998
Single Family
12,667
Multi-Family
4,331
Businesses
1,273
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$249 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60089, Buffalo Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 13,591 (78.0%) |
| Renter Occupied HU | 3,161 (18.1%) |
| Vacant Housing Units | 676 ( 3.9%) |
| Median Home Value | $411,419 |
| Average Home Value | $435,801 |
Housing Distribution
Address Breakdown
Residential
16,998
Single Family
12,667
Multi-Family
4,331
Businesses
1,273
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Breanne DiMucci • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12360467
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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. [Click here for more information](/mls-disclaimers/#17)