1416 Kings RdCarpentersvilleIL60110
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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 1416 Kings Rd, Carpentersville, IL, 60110 offers a 10.67% rental yield on a $297,000 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,454/mo payment leaves $580/mo available for distribution. Annual cash flow reaches $6,955/yr on $98,456 to close, and return on cash invested stands at 26.97% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,056 over five years. Portfolio math shows five-year ROI at 141.71% and total cumulative return in cash at $139,518. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,454/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.25 Acres 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: Gail Bergstrom • RE/MAX At Home
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549832