870 Debra LnElk Grove VillageIL60007
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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 Elk Grove Village at 870 Debra Ln, Elk Grove Village, IL, 60007 priced at $589,000 pairs $2,940/mo rent with after a $2,883/mo payment. Total monthly income equals $2,940/mo. Return on cash invested is 12.97% in year one, and rental yield stands at 5.99% on a $589,000 basis. Equity gained on principal adds $3,801/yr, and 5% annual appreciation accumulates to $162,730 by year five. Five-year ROI measures 66.58% and total cumulative return in cash reaches $129,014. For financing, Ziffy Mortgage’s DSCR program evaluates $2,940/mo property income against a $2,883/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1983
7,980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60007, Elk Grove Village, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,114 (100%) |
| Owner Occupied HU | 10,272 (72.8%) |
| Renter Occupied HU | 3,299 (23.4%) |
| Vacant Housing Units | 543 ( 3.8%) |
| Median Home Value | $341,414 |
| Average Home Value | $362,357 |
Housing Distribution
Address Breakdown
Residential
14,049
Single Family
10,397
Multi-Family
3,652
Businesses
2,852
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Listed by: Michalina Tac • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12464767