2424 E Oakton St APT 3JArlington HtsIL60004
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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
Investment Highlights
Rental property for sale in Arlington Hts at 2424 E Oakton St APT 3J, Arlington Hts, IL, 60004 generates $1,800/mo in rent and, after a $808/mo payment, leaves $379/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $4,549/yr on $54,698 invested. Return on cash invested sits at 28.23% in year one, and rental yield is 13.09% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 150.72% and total cumulative return in cash sums $82,439. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$276 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60004, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,581 (100%) |
| Owner Occupied HU | 16,024 (74.3%) |
| Renter Occupied HU | 4,409 (20.4%) |
| Vacant Housing Units | 1,148 ( 5.3%) |
| Median Home Value | $431,610 |
| Average Home Value | $467,848 |
Housing Distribution
Address Breakdown
Residential
21,121
Single Family
15,263
Multi-Family
5,858
Businesses
1,199
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Listed by: Lizzy Marlinga • Fulton Grace Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12255902
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)