638 N Stephen DrPalatineIL60067
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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 Palatine at 638 N Stephen Dr, Palatine, IL, 60067 at $435,000 posts ROI 21.61% with $205/mo cash flow from $3,222/mo rent. Total monthly income equals $3,222/mo, and annual cash flow records $2,458/yr on $144,203 to close. Return on cash invested measures 21.61% and rental yield reads 8.89% at the current $435,000. Equity gained on principal adds $2,807/yr, and 5% annual appreciation supports $120,182 by year five. Five-year ROI prints 112.95% and total cumulative return in cash totals $162,876.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,222/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
9,496 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60067, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,806 (100%) |
| Owner Occupied HU | 12,221 (72.7%) |
| Renter Occupied HU | 3,604 (21.4%) |
| Vacant Housing Units | 981 ( 5.8%) |
| Median Home Value | $436,194 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
16,762
Single Family
12,515
Multi-Family
4,247
Businesses
1,109
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