277 Shorewood Dr APT 2AGlendale HeightsIL60139
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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 Glendale Heights at 277 Shorewood Dr APT 2A, Glendale Heights, IL, 60139 with 5% annual appreciation on a $182,000 basis while $1,389/mo rent supports operations. Total monthly income totals $1,389/mo and a $891/mo payment preserves $126/mo for cash returns. Annual cash flow comes to $1,517/yr on $60,333 deployed, and return on cash invested reaches 22.42% in year one. Equity gained on principal adds $1,174/yr, and five-year appreciation sums $50,283 alongside rental yield of 9.16%. Five-year ROI measures 117.36% and total cumulative return in cash totals $70,809.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,389/mo property income versus a $891/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60139, Glendale Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,833 (100%) |
| Owner Occupied HU | 7,394 (62.5%) |
| Renter Occupied HU | 3,799 (32.1%) |
| Vacant Housing Units | 640 ( 5.4%) |
| Median Home Value | $268,330 |
| Average Home Value | $288,664 |
Housing Distribution
Address Breakdown
Residential
11,304
Single Family
7,755
Multi-Family
3,549
Businesses
665
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Listed by: Janet Pagano, ABR,SRES • Platinum Partners Realtors
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12508921