724 N Gary Ave Unit 205Carol StreamIL60188
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.66 makes 724 N Gary Ave Unit 205, Carol Stream, IL, 60188 in Carol Stream one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 9.43%. The 9.43% yield, 5% annual appreciation ($53,875 over five years), and $1,635/yr in principal reduction project a total cumulative return of $65,991.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.5% |
| Monthly Cash Flow | $(96) | $300 |
City averages based on Carol Stream market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,532 |
| Total Monthly Debt Service | $1,598 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60188, Carol Stream, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,043 (100%) |
| Owner Occupied HU | 10,560 (65.8%) |
| Renter Occupied HU | 4,637 (28.9%) |
| Vacant Housing Units | 846 ( 5.3%) |
| Median Home Value | $343,118 |
| Average Home Value | $361,326 |
Housing Distribution
Address Breakdown
Residential
15,438
Single Family
11,655
Multi-Family
3,783
Businesses
1,352
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andy Pupius • Southwestern Real Estate, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12792304
