700 Perrie Dr APT 113Elk Grove VillageIL60007
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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 Elk Grove Village at 700 Perrie Dr APT 113, Elk Grove Village, IL, 60007 uses $64,643 cash to close to unlock $1,810/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,891/mo, and a $954/mo payment keeps the spread at $151/mo. Purchase price stands at $195,000, and rental yield measures 11.64% with $1,891/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 121.46% and total cumulative return in cash records $78,514. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,891/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$388 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60007, Elk Grove Village, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,114 (100%) |
| Owner Occupied HU | 10,272 (72.8%) |
| Renter Occupied HU | 3,299 (23.4%) |
| Vacant Housing Units | 543 ( 3.8%) |
| Median Home Value | $341,414 |
| Average Home Value | $362,357 |
Housing Distribution
Address Breakdown
Residential
14,049
Single Family
10,397
Multi-Family
3,652
Businesses
2,852
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Listed by: Laurie Mercer • Homesmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12185508
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)