522 E Algonquin Rd APT 201SchaumburgIL60173
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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 Schaumburg at 522 E Algonquin Rd APT 201, Schaumburg, IL, 60173 uses $72,930 cash to close to unlock $586/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $1,575/mo, and a $1,077/mo payment keeps the spread at $49/mo. Purchase price stands at $220,000, and rental yield measures 8.59% with $1,575/mo rent. Return on cash invested shows 20.71% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 108.12% and total cumulative return in cash records $78,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,575/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60173, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,575 (100%) |
| Owner Occupied HU | 2,527 (33.4%) |
| Renter Occupied HU | 4,437 (58.6%) |
| Vacant Housing Units | 611 ( 8.1%) |
| Median Home Value | $455,728 |
| Average Home Value | $452,807 |
Housing Distribution
Address Breakdown
Residential
7,256
Single Family
2,359
Multi-Family
4,897
Businesses
2,042
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Listed by: Kevin Herbon • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12474060