370 E Elk Grove BlvdElk Grove VillageIL60007
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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 Elk Grove Village at 370 E Elk Grove Blvd, Elk Grove Village, IL, 60007 offers $2,940/mo rent that, after a $1,859/mo payment, leaves $305/mo cash flow. Total monthly income is $2,940/mo, and annual cash flow is $3,664/yr on $125,937 cash. Return on cash invested measures 22.82% in year one, and rental yield stands at 9.29% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 119.44% and total cumulative return in cash reaches $150,425. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,940/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,748 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60007, Elk Grove Village, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,114 (100%) |
| Owner Occupied HU | 10,272 (72.8%) |
| Renter Occupied HU | 3,299 (23.4%) |
| Vacant Housing Units | 543 ( 3.8%) |
| Median Home Value | $341,414 |
| Average Home Value | $362,357 |
Housing Distribution
Address Breakdown
Residential
14,049
Single Family
10,397
Multi-Family
3,652
Businesses
2,852
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Listed by: Robert Phan • Sky High Real Estate Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12526647