491 Timber Ridge Dr APT 101Carol StreamIL60188
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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
Investment property for sale in Carol Stream at 491 Timber Ridge Dr APT 101, Carol Stream, IL, 60188 uses $62,654 cash to close to unlock $1,957/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $1,474/mo, and a $925/mo payment keeps the spread at $163/mo. Purchase price stands at $189,000, and rental yield measures 9.36% with $1,474/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 120.64% and total cumulative return in cash records $75,586. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,474/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60188, Carol Stream, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,043 (100%) |
| Owner Occupied HU | 10,560 (65.8%) |
| Renter Occupied HU | 4,637 (28.9%) |
| Vacant Housing Units | 846 ( 5.3%) |
| Median Home Value | $343,118 |
| Average Home Value | $361,326 |
Housing Distribution
Address Breakdown
Residential
15,438
Single Family
11,655
Multi-Family
3,783
Businesses
1,352
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Listed by: Enok Tluangzelhmung • Real People Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12538738