177 E Forest LnPalatineIL60067
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 177 E Forest Ln, Palatine, IL, 60067 in Palatine, $689,000, 8.51% gross yield, $103/mo net income. Consider it a market-entry position, the $4,885/mo rent covers the $3,098/mo payment with a margin, and 5%/yr appreciation is projected to add $190,358 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.58) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $270,122.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 7.0% |
| Monthly Cash Flow | $103 | $250 |
City averages based on Palatine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,885 |
| Total Monthly Debt Service | $4,508 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.47 Acres lot
$N/A/sqft
$40 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60067, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,806 (100%) |
| Owner Occupied HU | 12,221 (72.7%) |
| Renter Occupied HU | 3,604 (21.4%) |
| Vacant Housing Units | 981 ( 5.8%) |
| Median Home Value | $436,194 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
16,762
Single Family
12,515
Multi-Family
4,247
Businesses
1,109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
0.47 Acres lot
$N/A/sqft
$40 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60067, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,806 (100%) |
| Owner Occupied HU | 12,221 (72.7%) |
| Renter Occupied HU | 3,604 (21.4%) |
| Vacant Housing Units | 981 ( 5.8%) |
| Median Home Value | $436,194 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
16,762
Single Family
12,515
Multi-Family
4,247
Businesses
1,109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices