231 Tower LnElk Grove VillageIL60007
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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 Elk Grove Village at 231 Tower Ln, Elk Grove Village, IL, 60007 with 5% annual appreciation on a $384,900 basis while $3,755/mo rent supports operations. Total monthly income totals $3,755/mo and a $1,884/mo payment preserves $1,085/mo for cash returns. Annual cash flow comes to $13,022/yr on $127,594 deployed, and return on cash invested reaches 30.11% in year one. Equity gained on principal adds $2,484/yr, and five-year appreciation sums $106,341 alongside rental yield of 11.71%. Five-year ROI measures 158.57% and total cumulative return in cash totals $202,323.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,755/mo property income versus a $1,884/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
9,361 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60007, Elk Grove Village, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,114 (100%) |
| Owner Occupied HU | 10,272 (72.8%) |
| Renter Occupied HU | 3,299 (23.4%) |
| Vacant Housing Units | 543 ( 3.8%) |
| Median Home Value | $341,414 |
| Average Home Value | $362,357 |
Housing Distribution
Address Breakdown
Residential
14,049
Single Family
10,397
Multi-Family
3,652
Businesses
2,852
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Listed by: Rutul Parekh • ARNI Realty Incorporated
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12528835