224 Winnsboro Ct UNIT ASchaumburgIL60193
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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 224 Winnsboro Ct UNIT A, Schaumburg, IL, 60193 priced at $299,000 converts $2,746/mo rent into $673/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,746/mo, and annual cash flow totals $8,070/yr on $99,119 invested. Return on cash invested prints 28.05% in year one, and rental yield reads 11.02% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 147.51% and total cumulative return in cash sums $146,206. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,746/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60193, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,832 (100%) |
| Owner Occupied HU | 12,720 (75.6%) |
| Renter Occupied HU | 3,448 (20.5%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $351,998 |
| Average Home Value | $371,050 |
Housing Distribution
Address Breakdown
Residential
16,611
Single Family
11,150
Multi-Family
5,461
Businesses
877
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Listed by: Linda Dressler • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12507845