823 S Salem DrSchaumburgIL60193
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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
Total monthly income runs $3,624/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 7.26% with $3,624/mo rent. Return on cash invested shows 16.83% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 87.29% and total cumulative return in cash records $172,030. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,624/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Single Family
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60193, Schaumburg, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,832 (100%) |
| Owner Occupied HU | 12,720 (75.6%) |
| Renter Occupied HU | 3,448 (20.5%) |
| Vacant Housing Units | 664 ( 3.9%) |
| Median Home Value | $351,998 |
| Average Home Value | $371,050 |
Housing Distribution
Address Breakdown
Residential
16,611
Single Family
11,150
Multi-Family
5,461
Businesses
877
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Listed by: Kevin Lally • RE/MAX At Home
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12493922