2302 Algonquin Rd APT 12Rolling MeadowsIL60008
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2302 Algonquin Rd APT 12, Rolling Meadows, IL, 60008 in Rolling Meadows earns its strong cash-flow label: 24.28% yield, $2,742/mo rent, $1,322/mo net income, DSCR 4.50. The $135,500 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $37,436 by year five. Combined with $1,248/yr in principal paydown, total projected return reaches $141,923.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 24.3% | 6.5% |
| Monthly Cash Flow | $1,322 | $300 |
City averages based on Rolling Meadows market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,742 |
| Total Monthly Debt Service | $1,318 |
| DSCR Ratio | 2.08x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
N/A lot
$N/A/sqft
$432 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60008, Rolling Meadows, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,303 (100%) |
| Owner Occupied HU | 6,551 (70.4%) |
| Renter Occupied HU | 2,302 (24.7%) |
| Vacant Housing Units | 450 ( 4.8%) |
| Median Home Value | $312,891 |
| Average Home Value | $351,080 |
Housing Distribution
Address Breakdown
Residential
9,057
Single Family
5,921
Multi-Family
3,136
Businesses
975
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
Condo
Built in 1973
N/A lot
$N/A/sqft
$432 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60008, Rolling Meadows, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,303 (100%) |
| Owner Occupied HU | 6,551 (70.4%) |
| Renter Occupied HU | 2,302 (24.7%) |
| Vacant Housing Units | 450 ( 4.8%) |
| Median Home Value | $312,891 |
| Average Home Value | $351,080 |
Housing Distribution
Address Breakdown
Residential
9,057
Single Family
5,921
Multi-Family
3,136
Businesses
975
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices