2220 Founders Dr APT 113NorthbrookIL60062
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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 Northbrook at 2220 Founders Dr APT 113, Northbrook, IL, 60062 generates $1,613/mo in rent and, after a $1,116/mo payment, leaves $32/mo in cash flow. Total monthly income is $1,613/mo, and annual cash flow is $378/yr on $75,578 invested. Return on cash invested sits at 20.41% in year one, and rental yield is 8.49% on a $227,989 entry. Equity gained on principal adds $1,471/yr, while 5% annual appreciation builds toward $62,989 over five years. Five-year ROI reaches 106.52% and total cumulative return in cash sums $80,507. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,613/mo property income rather than buyer’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60062, Northbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,143 (100%) |
| Owner Occupied HU | 13,725 (75.6%) |
| Renter Occupied HU | 3,072 (16.9%) |
| Vacant Housing Units | 1,346 ( 7.4%) |
| Median Home Value | $602,714 |
| Average Home Value | $674,682 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
12,879
Multi-Family
4,777
Businesses
2,233
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Listed by: Katie Coogan, ABR,SRES • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12532958