1460 Fairlane Dr APT 513SchaumburgIL60193
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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 Schaumburg at 1460 Fairlane Dr APT 513, Schaumburg, IL, 60193 offers a 8.44% rental yield on a $209,900 purchase with $1,476/mo rent. Total monthly income registers $1,476/mo, and a $1,027/mo payment leaves $20/mo available for distribution. Annual cash flow reaches $245/yr on $69,582 to close, and return on cash invested stands at 20.26% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 105.75% and total cumulative return in cash at $73,580. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,476/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60193, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,832 (100%) |
| Owner Occupied HU | 12,720 (75.6%) |
| Renter Occupied HU | 3,448 (20.5%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $351,998 |
| Average Home Value | $371,050 |
Housing Distribution
Address Breakdown
Residential
16,611
Single Family
11,150
Multi-Family
5,461
Businesses
877
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Listed by: Jack Mikolajewicz • Zerillo Realty Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12474955