2402 Algonquin Rd APT 9Rolling MeadowsIL60008
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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 Rolling Meadows at 2402 Algonquin Rd APT 9, Rolling Meadows, IL, 60008 earns $94/mo cash flow from $1,204/mo rent with a $783/mo payment. Total monthly income totals $1,204/mo, and annual cash flow totals $1,132/yr on $53,040 capital. ROI tracks 22.04% on current figures, and rental yield reads 9.03% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 115.34% and total cumulative return in cash sums $61,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,204/mo property income instead of your personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60008, Rolling Meadows, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,303 (100%) |
| Owner Occupied HU | 6,551 (70.4%) |
| Renter Occupied HU | 2,302 (24.7%) |
| Vacant Housing Units | 450 ( 4.8%) |
| Median Home Value | $312,891 |
| Average Home Value | $351,080 |
Housing Distribution
Address Breakdown
Residential
9,057
Single Family
5,921
Multi-Family
3,136
Businesses
975
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Listed by: Ray Ali Ali • Sohum Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12435914