2506 Algonquin Rd APT 1Rolling 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
Rental property for sale in Rolling Meadows at 2506 Algonquin Rd APT 1, Rolling Meadows, IL, 60008 generates $1,111/mo in rent and, after a $709/mo payment, leaves $106/mo in cash flow. Total monthly income is $1,111/mo, and annual cash flow is $1,274/yr on $48,034 invested. Return on cash invested sits at 22.56% in year one, and rental yield is 9.2% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 118.14% and total cumulative return in cash sums $56,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,111/mo property income rather than buyer’s 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: Silvia Palacios Eyzaguirre • Northwest Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12457375