7408 Grandview Ct #7408CarpentersvilleIL60110
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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 Carpentersville at 7408 Grandview Ct #7408, Carpentersville, IL, 60110 generates $2,370/mo in rent and, after a $1,248/mo payment, leaves $601/mo in cash flow. Total monthly income is $2,370/mo, and annual cash flow is $7,216/yr on $84,533 invested. Return on cash invested sits at 28.45% in year one, and rental yield is 11.15% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 149.65% and total cumulative return in cash sums $126,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,370/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60110, Carpentersville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,186 (100%) |
| Owner Occupied HU | 8,450 (69.3%) |
| Renter Occupied HU | 3,466 (28.4%) |
| Vacant Housing Units | 270 ( 2.2%) |
| Median Home Value | $249,542 |
| Average Home Value | $318,403 |
Housing Distribution
Address Breakdown
Residential
11,841
Single Family
11,072
Multi-Family
769
Businesses
474
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Listed by: Debra Walsh • Century 21 New Heritage - Hampshire
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12433977