502 Oakton StElk Grove VillageIL60007
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 Elk Grove Village at 502 Oakton St, Elk Grove Village, IL, 60007 offers a 9.27% rental yield on a $429,900 purchase with $3,320/mo rent. Total monthly income registers $3,320/mo, and a $2,104/mo payment leaves $338/mo available for distribution. Annual cash flow reaches $4,059/yr on $142,512 to close, and return on cash invested stands at 22.76% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 119.11% and total cumulative return in cash at $169,747. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,320/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: James Diestel • Fulton Grace Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12551763