2218 Prestige PlSchaumburgIL60173
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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
Rental property for sale in Schaumburg at 2218 Prestige Pl, Schaumburg, IL, 60173 priced at $510,000 converts $6,193/mo rent into $2,409/mo cash flow after a $2,496/mo obligation. Total monthly income equals $6,193/mo, and annual cash flow totals $28,905/yr on $167,790 invested. Return on cash invested prints 37.29% in year one, and rental yield reads 14.57% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 197.63% and total cumulative return in cash sums $331,599. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,193/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
800 sqft lot
$N/A/sqft
$247 monthly 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: Tasneem Bahrainwala • NX Realtors
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12134282
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)