1442 E Katie LnPalatineIL60074
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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 Palatine at 1442 E Katie Ln, Palatine, IL, 60074 earns from $1,980/mo rent with a $2,386/mo payment. Total monthly income totals $1,980/mo. ROI tracks 9.5% on current figures, and rental yield reads 4.87% at a $487,500 purchase. Equity gained on principal adds $3,146/yr, and 5% annual appreciation supports $134,687 over five years. Five-year ROI reaches 48.02% and total cumulative return in cash sums $77,599. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,980/mo property income instead of your personal income.
Townhouse
Built in 2005
4,356 sqft lot
$N/A/sqft
No 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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