1912 Prairie Sq APT 234SchaumburgIL60173
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 1912 Prairie Sq APT 234, Schaumburg, IL, 60173 in Schaumburg worth modelling. At $225,000 with a 8.47% gross yield, the $1,588/mo rent leaves $27/mo after the $1,012/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.57 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $62,163 by year five; $2,072/yr in principal reduction adds further equity. Total projected return: $87,816.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 4.8% |
| Monthly Cash Flow | $27 | $1,200 |
City averages based on Schaumburg market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,588 |
| Total Monthly Debt Service | $1,471 |
| 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.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60173, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,575 (100%) |
| Owner Occupied HU | 2,527 (33.4%) |
| Renter Occupied HU | 4,437 (58.6%) |
| Vacant Housing Units | 611 ( 8.1%) |
| Median Home Value | $455,728 |
| Average Home Value | $452,807 |
Housing Distribution
Address Breakdown
Residential
7,256
Single Family
2,359
Multi-Family
4,897
Businesses
2,042
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
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60173, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,575 (100%) |
| Owner Occupied HU | 2,527 (33.4%) |
| Renter Occupied HU | 4,437 (58.6%) |
| Vacant Housing Units | 611 ( 8.1%) |
| Median Home Value | $455,728 |
| Average Home Value | $452,807 |
Housing Distribution
Address Breakdown
Residential
7,256
Single Family
2,359
Multi-Family
4,897
Businesses
2,042
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Peter Drossos • Peter Drossos Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12455408