510 N Van Buren StEast DundeeIL60118
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 510 N Van Buren St, East Dundee, IL, 60118 in East Dundee hard to pass up. The 11.97% gross yield on a $395,000 purchase results in $3,940/mo in rent and $1,200/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.22). Annual cash flow of $14,398, five-year appreciation of $109,131, and $3,638/yr in equity build-up combine for a projected total cumulative return of $228,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 6.0% |
| Monthly Cash Flow | $1,200 | $250 |
City averages based on East Dundee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,940 |
| Total Monthly Debt Service | $2,583 |
| DSCR Ratio | 1.53x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60118, Dundee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,570 (100%) |
| Owner Occupied HU | 5,299 (70.0%) |
| Renter Occupied HU | 1,870 (24.7%) |
| Vacant Housing Units | 401 ( 5.3%) |
| Median Home Value | $371,955 |
| Average Home Value | $392,294 |
Housing Distribution
Address Breakdown
Residential
7,261
Single Family
6,047
Multi-Family
1,214
Businesses
852
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
Single Family
Built in 1977
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60118, Dundee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,570 (100%) |
| Owner Occupied HU | 5,299 (70.0%) |
| Renter Occupied HU | 1,870 (24.7%) |
| Vacant Housing Units | 401 ( 5.3%) |
| Median Home Value | $371,955 |
| Average Home Value | $392,294 |
Housing Distribution
Address Breakdown
Residential
7,261
Single Family
6,047
Multi-Family
1,214
Businesses
852
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Lysien • Suburban Life Realty, Ltd
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12463857