240 Tower RdBarringtonIL60010
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 240 Tower Rd, Barrington, IL, 60010 in Barrington. Rental yield 3.76%. At $1,510,000 with 3.76% gross yield, current distributions are modest, but the 5% appreciation rate projects $417,185 in new equity by year five, complemented by $13,907/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.70) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $207,965.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 5.2% |
| Monthly Cash Flow | $(5,743) | $1,200 |
City averages based on Barrington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,731 |
| Total Monthly Debt Service | $9,873 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
9,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60010, Barrington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,812 (100%) |
| Owner Occupied HU | 14,919 (83.8%) |
| Renter Occupied HU | 1,694 ( 9.5%) |
| Vacant Housing Units | 1,199 ( 6.7%) |
| Median Home Value | $589,658 |
| Average Home Value | $678,718 |
Housing Distribution
Address Breakdown
Residential
17,976
Single Family
16,738
Multi-Family
1,238
Businesses
1,484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
9,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60010, Barrington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,812 (100%) |
| Owner Occupied HU | 14,919 (83.8%) |
| Renter Occupied HU | 1,694 ( 9.5%) |
| Vacant Housing Units | 1,199 ( 6.7%) |
| Median Home Value | $589,658 |
| Average Home Value | $678,718 |
Housing Distribution
Address Breakdown
Residential
17,976
Single Family
16,738
Multi-Family
1,238
Businesses
1,484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heidi Seagren, CRS • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12189917