889 Trace Dr APT 210Buffalo 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 889 Trace Dr APT 210, Buffalo Grove, IL, 60089 generates $1,318/mo in rent and, after a $827/mo payment, leaves $146/mo in cash flow. Total monthly income is $1,318/mo, and annual cash flow is $1,751/yr on $56,024 invested. Return on cash invested sits at 23.04% in year one, and rental yield is 9.36% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 120.56% and total cumulative return in cash sums $67,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,318/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No 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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Listed by: Olivera Zgirdea • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12447141