1415 E Central Rd UNIT 422CArlington HeightsIL60005
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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 Arlington Heights at 1415 E Central Rd UNIT 422C, Arlington Heights, IL, 60005 generates $1,802/mo in rent, after a $1,321/mo payment. Total monthly income is $1,802/mo. Return on cash invested sits at 18.97% in year one, and rental yield is 8.01% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 98.77% and total cumulative return in cash sums $88,374. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,802/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60005, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,644 (100%) |
| Owner Occupied HU | 9,002 (61.5%) |
| Renter Occupied HU | 4,565 (31.2%) |
| Vacant Housing Units | 1,077 ( 7.4%) |
| Median Home Value | $395,064 |
| Average Home Value | $430,121 |
Housing Distribution
Address Breakdown
Residential
13,911
Single Family
7,200
Multi-Family
6,711
Businesses
1,456
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Listed by: Jennifer Myk • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12496833