1174 E Azalea Ln APT DPalatineIL60074
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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
Rental property for sale in Palatine at 1174 E Azalea Ln APT D, Palatine, IL, 60074 generates $2,442/mo in rent and, after a $1,075/mo payment, leaves $694/mo in cash flow. Total monthly income is $2,442/mo, and annual cash flow is $8,333/yr on $72,831 invested. Return on cash invested sits at 31.35% in year one, and rental yield is 13.34% on a $219,700 entry. Equity gained on principal adds $1,418/yr, while 5% annual appreciation builds toward $60,699 over five years. Five-year ROI reaches 166.53% and total cumulative return in cash sums $121,285. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,442/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
$224 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60074, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,690 (100%) |
| Owner Occupied HU | 9,058 (57.7%) |
| Renter Occupied HU | 5,754 (36.7%) |
| Vacant Housing Units | 878 ( 5.6%) |
| Median Home Value | $324,478 |
| Average Home Value | $346,150 |
Housing Distribution
Address Breakdown
Residential
15,224
Single Family
8,713
Multi-Family
6,511
Businesses
621
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