550 Chase Dr APT 2Clarendon HillsIL60514
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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 Clarendon Hills at 550 Chase Dr APT 2, Clarendon Hills, IL, 60514 generates $1,326/mo in rent and, after a $832/mo payment, leaves $147/mo in cash flow. Total monthly income is $1,326/mo, and annual cash flow is $1,763/yr on $56,355 invested. Return on cash invested sits at 23.04% in year one, and rental yield is 9.36% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 120.58% and total cumulative return in cash sums $67,953. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,326/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60514, Clarendon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,114 (100%) |
| Owner Occupied HU | 2,920 (71.0%) |
| Renter Occupied HU | 889 (21.6%) |
| Vacant Housing Units | 305 ( 7.4%) |
| Median Home Value | $634,775 |
| Average Home Value | $757,087 |
Housing Distribution
Address Breakdown
Residential
3,927
Single Family
3,015
Multi-Family
912
Businesses
232
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Listed by: Hugo Araujo • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12462625