2024 N Old Hicks Rd #B6PalatineIL60074
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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 Palatine at 2024 N Old Hicks Rd #B6, Palatine, IL, 60074 earns $130/mo cash flow from $2,056/mo rent with a $1,359/mo payment. Total monthly income totals $2,056/mo, and annual cash flow totals $1,560/yr on $92,058 capital. ROI tracks 21.6% on current figures, and rental yield reads 8.88% at a $277,700 purchase. Equity gained on principal adds $1,792/yr, and 5% annual appreciation supports $76,723 over five years. Five-year ROI reaches 112.96% and total cumulative return in cash sums $103,987. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,056/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60074, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,690 (100%) |
| Owner Occupied HU | 9,058 (57.7%) |
| Renter Occupied HU | 5,754 (36.7%) |
| Vacant Housing Units | 878 ( 5.6%) |
| Median Home Value | $324,478 |
| Average Home Value | $346,150 |
Housing Distribution
Address Breakdown
Residential
15,224
Single Family
8,713
Multi-Family
6,511
Businesses
621
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