521 Ridge AveElk Grove VillageIL60007
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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
Investment Highlights
Investment property for sale in Elk Grove Village at 521 Ridge Ave, Elk Grove Village, IL, 60007 earns from $2,940/mo rent with a $2,163/mo payment. Total monthly income totals $2,940/mo. ROI tracks 18.88% on current figures, and rental yield reads 7.98% at a $442,000 purchase. Equity gained on principal adds $2,852/yr, and 5% annual appreciation supports $122,116 over five years. Five-year ROI reaches 98.32% and total cumulative return in cash sums $144,062. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,940/mo property income instead of your personal income.
Single Family
Built in 1964
0.48 Acres 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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Listed by: Carrie Ramljak • Berkshire Hathaway HomeServices American Heritage
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12155218
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)