509 Elder LnGlenviewIL60025
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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 Glenview at 509 Elder Ln, Glenview, IL, 60025 priced at $385,000 converts $2,570/mo rent into after a $1,884/mo obligation. Total monthly income equals $2,570/mo. Return on cash invested prints 18.97% in year one, and rental yield reads 8.01% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 98.76% and total cumulative return in cash sums $126,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,570/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1960
7,579 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60025, Glenview, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,148 (100%) |
| Owner Occupied HU | 12,199 (75.5%) |
| Renter Occupied HU | 3,031 (18.8%) |
| Vacant Housing Units | 918 ( 5.7%) |
| Median Home Value | $536,596 |
| Average Home Value | $619,111 |
Housing Distribution
Address Breakdown
Residential
16,076
Single Family
11,813
Multi-Family
4,263
Businesses
1,495
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