700 Wellington Ave UNIT 419Elk 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
Rental property for sale in Elk Grove Village at 700 Wellington Ave UNIT 419, Elk Grove Village, IL, 60007 generates $1,545/mo in rent and, after a $969/mo payment, leaves $172/mo in cash flow. Total monthly income is $1,545/mo, and annual cash flow is $2,063/yr on $65,604 invested. Return on cash invested sits at 23.05% in year one, and rental yield is 9.37% on a $197,900 entry. Equity gained on principal adds $1,277/yr, while 5% annual appreciation builds toward $54,676 over five years. Five-year ROI reaches 120.68% and total cumulative return in cash sums $79,173. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,545/mo property income rather than buyer’s personal income.
Condo
Built in 1973
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: Lori Christensen, ABR,CRS,CSC,GRI,SRES • N. W. Village Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12538569