440 W Parkview TerAlgonquinIL60102
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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 Algonquin at 440 W Parkview Ter, Algonquin, IL, 60102 priced at $399,000 converts $2,996/mo rent into $228/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,996/mo, and annual cash flow totals $2,740/yr on $132,269 invested. Return on cash invested prints 21.98% in year one, and rental yield reads 9.01% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 114.95% and total cumulative return in cash sums $152,042. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,996/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60102, Algonquin, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 10,456 (84.8%) |
| Renter Occupied HU | 1,483 (12.0%) |
| Vacant Housing Units | 388 ( 3.1%) |
| Median Home Value | $350,876 |
| Average Home Value | $359,616 |
Housing Distribution
Address Breakdown
Residential
12,320
Single Family
11,820
Multi-Family
500
Businesses
961
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