513 Laurel StElk Grove VillageIL60007
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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 Elk Grove Village at 513 Laurel St, Elk Grove Village, IL, 60007 priced at $413,500 converts $3,613/mo rent into $745/mo cash flow after a $2,024/mo obligation. Total monthly income equals $3,613/mo, and annual cash flow totals $8,937/yr on $137,075 invested. Return on cash invested prints 26.43% in year one, and rental yield reads 10.49% against a $413,500 entry. Equity gained on principal adds $2,668/yr, while 5% annual appreciation compiles into $114,242 by year five. Five-year ROI reaches 138.78% and total cumulative return in cash sums $190,230. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,613/mo property income covering a $2,024/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,250 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
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