2315 E Olive St APT 2BArlington HeightsIL60004
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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 Arlington Heights at 2315 E Olive St APT 2B, Arlington Heights, IL, 60004 earns from $1,460/mo rent with a $1,052/mo payment. Total monthly income totals $1,460/mo. ROI tracks 19.39% on current figures, and rental yield reads 8.15% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 101.09% and total cumulative return in cash sums $72,049. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,460/mo property income instead of your personal income.
Condo
Built in 1962
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60004, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,581 (100%) |
| Owner Occupied HU | 16,024 (74.3%) |
| Renter Occupied HU | 4,409 (20.4%) |
| Vacant Housing Units | 1,148 ( 5.3%) |
| Median Home Value | $431,610 |
| Average Home Value | $467,848 |
Housing Distribution
Address Breakdown
Residential
21,121
Single Family
15,263
Multi-Family
5,858
Businesses
1,199
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Listed by: Peter Drossos • Peter Drossos Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12545111