240 E Rimini CtPalatineIL60067
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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 240 E Rimini Ct, Palatine, IL, 60067 priced at $135,000 converts $1,035/mo rent into $98/mo cash flow after a $661/mo obligation. Total monthly income equals $1,035/mo, and annual cash flow totals $1,180/yr on $44,753 invested. Return on cash invested prints 22.55% in year one, and rental yield reads 9.2% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 118.06% and total cumulative return in cash sums $52,837. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,035/mo property income covering a $661/mo payment, not borrower’s personal income.
Condo
Built in 1975
N/A 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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