2502 Algonquin Rd APT 2Rolling MeadowsIL60008
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
Investment Highlights
Rental property for sale in Rolling Meadows at 2502 Algonquin Rd APT 2, Rolling Meadows, IL, 60008 generates $1,208/mo in rent and, after a $758/mo payment, leaves $134/mo in cash flow. Total monthly income is $1,208/mo, and annual cash flow is $1,605/yr on $51,349 invested. Return on cash invested sits at 23.03% in year one, and rental yield is 9.36% on a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 120.58% and total cumulative return in cash sums $61,916. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,208/mo property income rather than buyer’s personal income.
Condo
Built in 1973
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Silvia Palacios Eyzaguirre • Northwest Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12447890