120 Lakeview Dr APT 109BloomingdaleIL60108
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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 Bloomingdale at 120 Lakeview Dr APT 109, Bloomingdale, IL, 60108 offers a 9.47% rental yield on a $189,500 purchase with $1,495/mo rent. Total monthly income registers $1,495/mo, and a $928/mo payment leaves $180/mo available for distribution. Annual cash flow reaches $2,161/yr on $62,819 to close, and return on cash invested stands at 23.35% in year one. Equity gained on principal adds $1,223/yr while 5% annual appreciation supports $52,355 over five years. Portfolio math shows five-year ROI at 122.35% and total cumulative return in cash at $76,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,495/mo property income against a $928/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60108, Bloomingdale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,752 (100%) |
| Owner Occupied HU | 7,061 (72.4%) |
| Renter Occupied HU | 2,274 (23.3%) |
| Vacant Housing Units | 417 ( 4.3%) |
| Median Home Value | $390,715 |
| Average Home Value | $447,271 |
Housing Distribution
Address Breakdown
Residential
9,474
Single Family
7,171
Multi-Family
2,303
Businesses
1,103
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Listed by: Denise Hammett • Realty Executives Advance
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12504678