806 Norge PkwyFox River GroveIL60021
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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 Fox River Grove at 806 Norge Pkwy, Fox River Grove, IL, 60021 offers $3,886/mo rent that, after a $2,422/mo payment, leaves $454/mo cash flow. Total monthly income is $3,886/mo, and annual cash flow is $5,443/yr on $164,059 cash. Return on cash invested measures 23.23% in year one, and rental yield stands at 9.42% at a $494,900 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,732 by year five. Five-year ROI records 121.61% and total cumulative return in cash reaches $199,515. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,886/mo property income versus a $2,422/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60021, Fox River Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,195 (100%) |
| Owner Occupied HU | 1,773 (80.8%) |
| Renter Occupied HU | 337 (15.4%) |
| Vacant Housing Units | 85 ( 3.9%) |
| Median Home Value | $360,369 |
| Average Home Value | $385,809 |
Housing Distribution
Address Breakdown
Residential
2,078
Single Family
1,988
Multi-Family
90
Businesses
189
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Listed by: Paul Dimmick • Keller Williams Success Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12480353