162 Waters Edge Dr APT 301Glendale HeightsIL60139
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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 Glendale Heights at 162 Waters Edge Dr APT 301, Glendale Heights, IL, 60139 uses $57,383 cash to close to unlock $8,890/yr annual cash flow and $741/mo monthly cash flow. Total monthly income runs $2,227/mo, and a $847/mo payment keeps the spread at $741/mo. Purchase price stands at $173,100, and rental yield measures 15.44% with $2,227/mo rent. Return on cash invested shows 35.4% in year one, and 5% annual appreciation builds toward $47,824 over five years. Five-year ROI reaches 189.09% and total cumulative return in cash records $108,502. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,227/mo property income covering a $847/mo payment rather than investor’s personal income.
Apartment
Built in 1981
9.59 Acres lot
$N/A/sqft
$240 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60139, Glendale Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,833 (100%) |
| Owner Occupied HU | 7,394 (62.5%) |
| Renter Occupied HU | 3,799 (32.1%) |
| Vacant Housing Units | 640 ( 5.4%) |
| Median Home Value | $268,330 |
| Average Home Value | $288,664 |
Housing Distribution
Address Breakdown
Residential
11,304
Single Family
7,755
Multi-Family
3,549
Businesses
665
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