1265 N Sterling Ave UNIT 201PalatineIL60067
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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 Palatine at 1265 N Sterling Ave UNIT 201, Palatine, IL, 60067 uses $62,985 cash to close to unlock $1,933/yr annual cash flow and $161/mo monthly cash flow. Total monthly income runs $1,479/mo, and a $930/mo payment keeps the spread at $161/mo. Purchase price stands at $190,000, and rental yield measures 9.34% with $1,479/mo rent. Return on cash invested shows 22.98% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 120.35% and total cumulative return in cash records $75,804. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,479/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60067, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,806 (100%) |
| Owner Occupied HU | 12,221 (72.7%) |
| Renter Occupied HU | 3,604 (21.4%) |
| Vacant Housing Units | 981 ( 5.8%) |
| Median Home Value | $436,194 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
16,762
Single Family
12,515
Multi-Family
4,247
Businesses
1,109
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