1320 Old Mill LnAlgonquinIL60102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Algonquin at 1320 Old Mill Ln, Algonquin, IL, 60102 at $382,500 posts ROI 30.52% with $1,121/mo cash flow from $3,900/mo rent. Total monthly income equals $3,900/mo, and annual cash flow records $13,458/yr on $126,799 to close. Return on cash invested measures 30.52% and rental yield reads 12.24% at the current $382,500. Equity gained on principal adds $2,468/yr, and 5% annual appreciation supports $105,678 by year five. Five-year ROI prints 161.17% and total cumulative return in cash totals $204,366.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,900/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1987
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60102, Algonquin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 10,456 (84.8%) |
| Renter Occupied HU | 1,483 (12.0%) |
| Vacant Housing Units | 388 ( 3.1%) |
| Median Home Value | $350,876 |
| Average Home Value | $359,616 |
Housing Distribution
Address Breakdown
Residential
12,320
Single Family
11,820
Multi-Family
500
Businesses
961
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Nearby investment properties with comparable prices
Listed by: Beth Armstrong • Berkshire Hathaway HomeServices Starck Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12132630
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)