508 N Walnut LnSchaumburgIL60194
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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 Schaumburg at 508 N Walnut Ln, Schaumburg, IL, 60194 priced at $559,900 converts $3,815/mo rent into after a $2,740/mo obligation. Total monthly income equals $3,815/mo. Return on cash invested prints 19.62% in year one, and rental yield reads 8.18% against a $559,900 entry. Equity gained on principal adds $3,613/yr, while 5% annual appreciation compiles into $154,690 by year five. Five-year ROI reaches 102.23% and total cumulative return in cash sums $188,314. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,815/mo property income covering a $2,740/mo payment, not borrower’s personal income.
Single Family
Built in 1978
4,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60194, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,267 (100%) |
| Owner Occupied HU | 5,807 (70.2%) |
| Renter Occupied HU | 2,052 (24.8%) |
| Vacant Housing Units | 408 ( 4.9%) |
| Median Home Value | $333,292 |
| Average Home Value | $348,916 |
Housing Distribution
Address Breakdown
Residential
8,158
Single Family
6,509
Multi-Family
1,649
Businesses
341
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Listed by: Matthew Doughty • Marketplace Homes
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12433657