2315 E Olive St APT 2GArlington 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 2G, Arlington Heights, IL, 60004 offers a 9.33% rental yield on a $173,000 purchase with $1,345/mo rent. Total monthly income registers $1,345/mo, and a $847/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,737/yr on $57,350 to close, and return on cash invested stands at 22.94% in year one. Equity gained on principal adds $1,116/yr while 5% annual appreciation supports $47,797 over five years. Portfolio math shows five-year ROI at 120.07% and total cumulative return in cash at $68,859. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,345/mo property income against a $847/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
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: Sheila Kula • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12451475