1926 Prairie Sq APT 316BSchaumburgIL60173
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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 Schaumburg at 1926 Prairie Sq APT 316B, Schaumburg, IL, 60173 offers a 8.37% rental yield on a $205,000 purchase with $1,430/mo rent. Total monthly income registers $1,430/mo, and a $1,003/mo payment leaves $8/mo available for distribution. Annual cash flow reaches $101/yr on $67,958 to close, and return on cash invested stands at 20.06% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 104.65% and total cumulative return in cash at $71,118. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,430/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
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
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Listed by: Ted Breden, ABR,CRS,CSC,GRI • Keller Williams Success Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12507226