641 N Carroll Pkwy APT 107GlenwoodIL60425
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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
Investment property for sale in Glenwood at 641 N Carroll Pkwy APT 107, Glenwood, IL, 60425 offers a 15.44% rental yield on a $139,900 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $685/mo payment leaves $502/mo available for distribution. Annual cash flow reaches $6,028/yr on $46,377 to close, and return on cash invested stands at 32.91% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 176.68% and total cumulative return in cash at $81,939. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1970
N/A lot
$N/A/sqft
$327 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Bobby Kothari • KMS Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12161698
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