1187 S Ridge AveArlington HeightsIL60005
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
Investment property for sale in Arlington Heights at 1187 S Ridge Ave, Arlington Heights, IL, 60005 listed at $400,000 pairs $3,385/mo rent with a $1,958/mo payment to leave $610/mo cash flow. Total monthly income runs $3,385/mo, and annual cash flow reaches $7,324/yr on $132,600 cash to close. Return on cash invested measures 25.43% in year one, and rental yield registers 10.15% at a $400,000 basis. Equity gained on principal adds $2,581/yr, and annual property appreciation at 5% supports $110,513 by year five. Five-year ROI tracks 133.45% and total cumulative return in cash totals $176,956. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,385/mo property income relative to a $1,958/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1962
6,550 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacqueline Colando • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12506392
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)