2220 Founders Dr APT 116NorthbrookIL60062
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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 Northbrook at 2220 Founders Dr APT 116, Northbrook, IL, 60062 listed at $374,000 pairs $2,874/mo rent with a $1,831/mo payment to leave $279/mo cash flow. Total monthly income runs $2,874/mo, and annual cash flow reaches $3,353/yr on $123,981 cash to close. Return on cash invested measures 22.61% in year one, and rental yield registers 9.22% at a $374,000 basis. Equity gained on principal adds $2,413/yr, and annual property appreciation at 5% supports $103,329 by year five. Five-year ROI tracks 118.34% and total cumulative return in cash totals $146,725. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,874/mo property income relative to a $1,831/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: #12455027