184 S Waters Edge Dr APT 201, Glendale Heights, IL, 60139 | $115/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Glendale Heights at 184 S Waters Edge Dr APT 201, Glendale Heights, IL, 60139 offers a 9.01% rental yield on a $199,900 purchase with $1,501/mo rent. Total monthly income registers $1,501/mo, and a $978/mo payment leaves $115/mo available for distribution. Annual cash flow reaches $1,378/yr on $66,267 to close, and return on cash invested stands at 21.99% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 114.97% and total cumulative return in cash at $76,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,501/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1980

N/A lot

$N/A/sqft

No 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