1244 N Luther LnArlington HeightsIL60004
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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 Arlington Heights at 1244 N Luther Ln, Arlington Heights, IL, 60004 uses $132,633 cash to close to unlock $2,894/yr annual cash flow and $241/mo monthly cash flow. Total monthly income runs $3,016/mo, and a $1,958/mo payment keeps the spread at $241/mo. Purchase price stands at $400,100, and rental yield measures 9.05% with $3,016/mo rent. Return on cash invested shows 22.09% in year one, and 5% annual appreciation builds toward $110,540 over five years. Five-year ROI reaches 115.55% and total cumulative return in cash records $153,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,016/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60004, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,581 (100%) |
| Owner Occupied HU | 16,024 (74.3%) |
| Renter Occupied HU | 4,409 (20.4%) |
| Vacant Housing Units | 1,148 ( 5.3%) |
| Median Home Value | $431,610 |
| Average Home Value | $467,848 |
Housing Distribution
Address Breakdown
Residential
21,121
Single Family
15,263
Multi-Family
5,858
Businesses
1,199
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Listed by: N/A • N/A
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