2504 Algonquin Rd UNIT 17Rolling 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 2504 Algonquin Rd UNIT 17, Rolling Meadows, IL, 60008 offers a 9.51% rental yield on a $159,900 purchase with $1,267/mo rent. Total monthly income registers $1,267/mo, and a $783/mo payment leaves $158/mo available for distribution. Annual cash flow reaches $1,890/yr on $53,007 to close, and return on cash invested stands at 23.48% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 122.98% and total cumulative return in cash at $65,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,267/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Jackie Lynch, ABR,CSC • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12512274