518 King Ave #518East DundeeIL60118
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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
Investment property for sale in East Dundee at 518 King Ave #518, East Dundee, IL, 60118 offers a 10.33% rental yield on a $318,900 purchase with $2,746/mo rent. Total monthly income registers $2,746/mo, and a $1,561/mo payment leaves $534/mo available for distribution. Annual cash flow reaches $6,407/yr on $105,715 to close, and return on cash invested stands at 25.97% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,106 over five years. Portfolio math shows five-year ROI at 136.32% and total cumulative return in cash at $144,114. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,746/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
N/A 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
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Listed by: Julian Mendoza • Universal Real Estate LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12443134