1848 Spinnaker StPingree GroveIL60140
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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
Rental property for sale in Pingree Grove at 1848 Spinnaker St, Pingree Grove, IL, 60140 generates $3,000/mo in rent and, after a $1,517/mo payment, leaves $850/mo in cash flow. Total monthly income is $3,000/mo, and annual cash flow is $10,201/yr on $102,765 invested. Return on cash invested sits at 29.84% in year one, and rental yield is 11.61% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 157.1% and total cumulative return in cash sums $161,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,000/mo property income rather than buyer’s personal income.
Multi Family
Built in 2009
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60140, Hampshire, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,359 (100%) |
| Owner Occupied HU | 7,944 (84.9%) |
| Renter Occupied HU | 950 (10.2%) |
| Vacant Housing Units | 465 ( 5.0%) |
| Median Home Value | $362,049 |
| Average Home Value | $378,568 |
Housing Distribution
Address Breakdown
Residential
8,640
Single Family
8,637
Multi-Family
3
Businesses
327
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Listed by: Lynn Dahl • Berkshire Hathaway HomeServices Starck Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12454388