288 Lorraine CirBloomingdaleIL60108
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
Investment property for sale in Bloomingdale at 288 Lorraine Cir, Bloomingdale, IL, 60108 uses $140,888 cash to close to unlock $387/yr annual cash flow and $32/mo monthly cash flow. Total monthly income runs $2,980/mo, and a $2,080/mo payment keeps the spread at $32/mo. Purchase price stands at $425,000, and rental yield measures 8.41% with $2,980/mo rent. Return on cash invested shows 20.18% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 105.31% and total cumulative return in cash records $148,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,980/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Townhouse
Built in 1990
4,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60108, Bloomingdale, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,752 (100%) |
| Owner Occupied HU | 7,061 (72.4%) |
| Renter Occupied HU | 2,274 (23.3%) |
| Vacant Housing Units | 417 ( 4.3%) |
| Median Home Value | $390,715 |
| Average Home Value | $447,271 |
Housing Distribution
Address Breakdown
Residential
9,474
Single Family
7,171
Multi-Family
2,303
Businesses
1,103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Nierman • 4 Sale Realty Advantage
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12520105