1808 Plum Grove Rd APT 1BRolling MeadowsIL60008
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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 Rolling Meadows at 1808 Plum Grove Rd APT 1B, Rolling Meadows, IL, 60008 uses $58,013 cash to close to unlock $1,664/yr annual cash flow and $139/mo monthly cash flow. Total monthly income runs $1,353/mo, and a $857/mo payment keeps the spread at $139/mo. Purchase price stands at $175,000, and rental yield measures 9.28% with $1,353/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash records $69,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,353/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60008, Rolling Meadows, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,303 (100%) |
| Owner Occupied HU | 6,551 (70.4%) |
| Renter Occupied HU | 2,302 (24.7%) |
| Vacant Housing Units | 450 ( 4.8%) |
| Median Home Value | $312,891 |
| Average Home Value | $351,080 |
Housing Distribution
Address Breakdown
Residential
9,057
Single Family
5,921
Multi-Family
3,136
Businesses
975
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Listed by: Sadie Winter • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12516991