1303 Silverstone Dr #1303CarpentersvilleIL60110
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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 Carpentersville at 1303 Silverstone Dr #1303, Carpentersville, IL, 60110 offers a 9.23% rental yield on a $190,000 purchase with $1,461/mo rent. Total monthly income registers $1,461/mo, and a $930/mo payment leaves $143/mo available for distribution. Annual cash flow reaches $1,717/yr on $62,985 to close, and return on cash invested stands at 22.63% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 118.52% and total cumulative return in cash at $74,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,461/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60110, Carpentersville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,186 (100%) |
| Owner Occupied HU | 8,450 (69.3%) |
| Renter Occupied HU | 3,466 (28.4%) |
| Vacant Housing Units | 270 ( 2.2%) |
| Median Home Value | $249,542 |
| Average Home Value | $318,403 |
Housing Distribution
Address Breakdown
Residential
11,841
Single Family
11,072
Multi-Family
769
Businesses
474
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Listed by: Cherilyn Williams • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12518816