1275 Baldwin Ln UNIT 507PalatineIL60074
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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 1275 Baldwin Ln UNIT 507, Palatine, IL, 60074 generates $1,976/mo in rent and, after a $1,085/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,976/mo, and annual cash flow is $1,587/yr on $73,460 invested. Return on cash invested sits at 22.07% in year one, and rental yield is 10.7% on a $221,600 entry. Equity gained on principal adds $1,430/yr, while 5% annual appreciation builds toward $61,224 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash sums $86,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,976/mo property income rather than buyer’s personal income.
Condo
Built in 1981
0.65 Acres lot
$N/A/sqft
$289 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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