703 N Gibbons AveArlington HeightsIL60004
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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 Arlington Heights at 703 N Gibbons Ave, Arlington Heights, IL, 60004 priced at $997,000 pairs $3,916/mo rent with after a $4,880/mo payment. Total monthly income equals $3,916/mo. Return on cash invested is 9.09% in year one, and rental yield stands at 4.71% on a $997,000 basis. Equity gained on principal adds $6,433/yr, and 5% annual appreciation accumulates to $275,453 by year five. Five-year ROI measures 45.77% and total cumulative return in cash reaches $150,118. For financing, Ziffy Mortgage’s DSCR program evaluates $3,916/mo property income against a $4,880/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1957
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60004, Arlington Heights, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,581 (100%) |
| Owner Occupied HU | 16,024 (74.3%) |
| Renter Occupied HU | 4,409 (20.4%) |
| Vacant Housing Units | 1,148 ( 5.3%) |
| Median Home Value | $431,610 |
| Average Home Value | $467,848 |
Housing Distribution
Address Breakdown
Residential
21,121
Single Family
15,263
Multi-Family
5,858
Businesses
1,199
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Listed by: Wiktoria Debicki • arhome realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12526963