840 Trace Dr APT 104Buffalo GroveIL60089
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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 Buffalo Grove at 840 Trace Dr APT 104, Buffalo Grove, IL, 60089 generates $1,160/mo in rent, after a $710/mo payment. Total monthly income is $1,160/mo. Return on cash invested sits at 15.91% in year one, and rental yield is 9.6% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 85.25% and total cumulative return in cash sums $40,976. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.
Condo
Built in 1973
7.33 Acres lot
$N/A/sqft
$314 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60089, Buffalo Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 13,591 (78.0%) |
| Renter Occupied HU | 3,161 (18.1%) |
| Vacant Housing Units | 676 ( 3.9%) |
| Median Home Value | $411,419 |
| Average Home Value | $435,801 |
Housing Distribution
Address Breakdown
Residential
16,998
Single Family
12,667
Multi-Family
4,331
Businesses
1,273
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