197 Smethwick Ln, Elk Grove Village, IL, 60007 | $429/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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1060 Warwick Ln, Elk Grove Village, IL, 60007

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 Elk Grove Village at 197 Smethwick Ln, Elk Grove Village, IL, 60007 listed at $439,900 pairs $3,480/mo rent with a $2,153/mo payment to leave $429/mo cash flow. Total monthly income runs $3,480/mo, and annual cash flow reaches $5,146/yr on $145,827 cash to close. Return on cash invested measures 23.44% in year one, and rental yield registers 9.49% at a $439,900 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,536 by year five. Five-year ROI tracks 122.74% and total cumulative return in cash totals $178,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,480/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1968

8,093 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 60007, Elk Grove Village, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,114 (100%)
Owner Occupied HU	10,272 (72.8%)
Renter Occupied HU	3,299 (23.4%)
Vacant Housing Units	543 ( 3.8%)
Median Home Value	$341,414
Average Home Value	$362,357