355 W Miner St APT 3CArlington HeightsIL60005
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 355 W Miner St APT 3C, Arlington Heights, IL, 60005 in Arlington Heights hard to pass up. The 15.95% gross yield on a $289,977 purchase results in $3,853/mo in rent and $1,357/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.95). Annual cash flow of $16,283, five-year appreciation of $80,115, and $2,671/yr in equity build-up combine for a projected total cumulative return of $200,293.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16% | 6.0% |
| Monthly Cash Flow | $1,357 | $250 |
City averages based on Arlington Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,853 |
| Total Monthly Debt Service | $2,381 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1986
N/A lot
$N/A/sqft
$485 monthly 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
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
Condo
Built in 1986
N/A lot
$N/A/sqft
$485 monthly 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