2408 Algonquin Rd APT 3Rolling 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 2408 Algonquin Rd APT 3, Rolling Meadows, IL, 60008 listed at $149,900 pairs $1,162/mo rent with a $734/mo payment to leave $122/mo cash flow. Total monthly income runs $1,162/mo, and annual cash flow reaches $1,463/yr on $49,692 cash to close. Return on cash invested measures 22.85% in year one, and rental yield registers 9.3% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 119.61% and total cumulative return in cash totals $59,435. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,162/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
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: Bernadeta Szopinska • Skara Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12544932