629 Needlegrass PkwyAntiochIL60002
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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 Antioch at 629 Needlegrass Pkwy, Antioch, IL, 60002 priced at $315,000 converts $3,486/mo rent into $1,285/mo cash flow after a $1,542/mo obligation. Total monthly income equals $3,486/mo, and annual cash flow totals $15,420/yr on $104,423 invested. Return on cash invested prints 34.68% in year one, and rental yield reads 13.28% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 183.11% and total cumulative return in cash sums $191,213. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,486/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 2001
7,840 sqft lot
$N/A/sqft
$190 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60002, Antioch, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,913 (100%) |
| Owner Occupied HU | 7,708 (70.6%) |
| Renter Occupied HU | 2,012 (18.4%) |
| Vacant Housing Units | 1,193 (10.9%) |
| Median Home Value | $319,586 |
| Average Home Value | $344,204 |
Housing Distribution
Address Breakdown
Residential
10,382
Single Family
9,818
Multi-Family
564
Businesses
840
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Listed by: Lucas Denoma • Century 21 Integra
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12182777
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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](/info/mls-disclaimers/#mls_17)