602 Berkley Ct UNIT 2ZSchaumburgIL60194
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
Investment Highlights
Investment property for sale in Schaumburg at 602 Berkley Ct UNIT 2Z, Schaumburg, IL, 60194 uses $112,047 cash to close to unlock $4,907/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $3,167/mo, and a $1,654/mo payment keeps the spread at $409/mo. Purchase price stands at $338,000, and rental yield measures 11.24% with $3,167/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $93,383 over five years. Five-year ROI reaches 128.91% and total cumulative return in cash records $144,434. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,167/mo property income covering a $1,654/mo payment rather than investor’s personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$414 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60194, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,267 (100%) |
| Owner Occupied HU | 5,807 (70.2%) |
| Renter Occupied HU | 2,052 (24.8%) |
| Vacant Housing Units | 408 ( 4.9%) |
| Median Home Value | $333,292 |
| Average Home Value | $348,916 |
Housing Distribution
Address Breakdown
Residential
8,158
Single Family
6,509
Multi-Family
1,649
Businesses
341
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Wong • Century 21 Realty Associates
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12380394
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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](/mls-disclaimers/#17)