235 N Smith St APT 401PalatineIL60067
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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 Palatine at 235 N Smith St APT 401, Palatine, IL, 60067 generates $1,850/mo in rent and, after a $1,126/mo payment, leaves $254/mo in cash flow. Total monthly income is $1,850/mo, and annual cash flow is $3,053/yr on $76,245 invested. Return on cash invested sits at 23.91% in year one, and rental yield is 9.65% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 125.34% and total cumulative return in cash sums $95,563. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,850/mo property income rather than buyer’s personal income.
Condo
Built in 2007
800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60067, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,806 (100%) |
| Owner Occupied HU | 12,221 (72.7%) |
| Renter Occupied HU | 3,604 (21.4%) |
| Vacant Housing Units | 981 ( 5.8%) |
| Median Home Value | $436,194 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
16,762
Single Family
12,515
Multi-Family
4,247
Businesses
1,109
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