585 Newark LnHoffman EstatesIL60169
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow585 Newark Ln, Hoffman Estates, IL, 60169 in Hoffman Estates earns its strong cash-flow label: 10.44% yield, $3,264/mo rent, $663/mo net income, DSCR 1.94. The $375,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $103,606 by year five. Combined with $3,454/yr in principal paydown, total projected return reaches $186,116.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $663 | $200 |
City averages based on Hoffman Estates market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,264 |
| Total Monthly Debt Service | $2,452 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1961
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madalina Tat • NHR Brokerage LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12465815