1566 Anderson LnBuffalo GroveIL60089
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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 Buffalo Grove at 1566 Anderson Ln, Buffalo Grove, IL, 60089 uses $135,882 cash to close to unlock $3,253/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $3,114/mo, and a $2,006/mo payment keeps the spread at $271/mo. Purchase price stands at $409,900, and rental yield measures 9.12% with $3,114/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $113,248 over five years. Five-year ROI reaches 116.69% and total cumulative return in cash records $158,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,114/mo property income covering a $2,006/mo payment rather than investor’s personal income.
Townhouse
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60089, Buffalo Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 13,591 (78.0%) |
| Renter Occupied HU | 3,161 (18.1%) |
| Vacant Housing Units | 676 ( 3.9%) |
| Median Home Value | $411,419 |
| Average Home Value | $435,801 |
Housing Distribution
Address Breakdown
Residential
16,998
Single Family
12,667
Multi-Family
4,331
Businesses
1,273
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Listed by: Benjamin Hickman • RE/MAX Plaza
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12545125