318 W Wing StArlington HeightsIL60005
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 Arlington Heights at 318 W Wing St, Arlington Heights, IL, 60005 uses $148,844 cash to close to unlock $6,663/yr annual cash flow and $555/mo monthly cash flow. Total monthly income runs $3,670/mo, and a $2,198/mo payment keeps the spread at $555/mo. Purchase price stands at $449,000, and rental yield measures 9.81% with $3,670/mo rent. Return on cash invested shows 24.39% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 127.84% and total cumulative return in cash records $190,276. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,670/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1864
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60005, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,644 (100%) |
| Owner Occupied HU | 9,002 (61.5%) |
| Renter Occupied HU | 4,565 (31.2%) |
| Vacant Housing Units | 1,077 ( 7.4%) |
| Median Home Value | $395,064 |
| Average Home Value | $430,121 |
Housing Distribution
Address Breakdown
Residential
13,911
Single Family
7,200
Multi-Family
6,711
Businesses
1,456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robert Clifford • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12463759