2172 N Queensburg LnPalatineIL60074
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2172 N Queensburg Ln, Palatine, IL, 60074 in Palatine at $303,000 earns $2,477/mo in rent and nets $70/mo after the $1,436/mo payment, a 9.81% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $83,713 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $2,540/yr in principal paydown, total projected return reaches $134,376.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 7.0% |
| Monthly Cash Flow | $70 | $250 |
City averages based on Palatine 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 | $2,477 |
| Total Monthly Debt Service | $2,055 |
| DSCR Ratio | 1.21x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1990
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
