522 E Spruce Dr APT 1BPalatineIL60074
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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 Palatine at 522 E Spruce Dr APT 1B, Palatine, IL, 60074 uses $59,670 cash to close to unlock $1,710/yr annual cash flow and $143/mo monthly cash flow. Total monthly income runs $1,391/mo, and a $881/mo payment keeps the spread at $143/mo. Purchase price stands at $180,000, and rental yield measures 9.27% with $1,391/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 119.22% and total cumulative return in cash records $71,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,391/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60074, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,690 (100%) |
| Owner Occupied HU | 9,058 (57.7%) |
| Renter Occupied HU | 5,754 (36.7%) |
| Vacant Housing Units | 878 ( 5.6%) |
| Median Home Value | $324,478 |
| Average Home Value | $346,150 |
Housing Distribution
Address Breakdown
Residential
15,224
Single Family
8,713
Multi-Family
6,511
Businesses
621
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