700 Perrie Dr APT 207Elk 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 207, Elk Grove Village, IL, 60007 listed at $213,000 pairs $1,527/mo rent with a $1,043/mo payment to leave $49/mo cash flow. Total monthly income runs $1,527/mo, and annual cash flow reaches $589/yr on $70,610 cash to close. Return on cash invested measures 20.74% in year one, and rental yield registers 8.6% at a $213,000 basis. Equity gained on principal adds $1,374/yr, and annual property appreciation at 5% supports $58,848 by year five. Five-year ROI tracks 108.36% and total cumulative return in cash totals $76,509. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,527/mo property income relative to a $1,043/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1976
N/A lot
$N/A/sqft
No 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: Sara Sogol • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12554743