900 E Wilmette Rd UNIT 220PalatineIL60074
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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
Investment property for sale in Palatine at 900 E Wilmette Rd UNIT 220, Palatine, IL, 60074 offers a 9.21% rental yield on a $175,000 purchase with $1,343/mo rent. Total monthly income registers $1,343/mo, and a $857/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,544/yr on $58,013 to close, and return on cash invested stands at 22.57% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 118.12% and total cumulative return in cash at $68,527. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,343/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60074, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,690 (100%) |
| Owner Occupied HU | 9,058 (57.7%) |
| Renter Occupied HU | 5,754 (36.7%) |
| Vacant Housing Units | 878 ( 5.6%) |
| Median Home Value | $324,478 |
| Average Home Value | $346,150 |
Housing Distribution
Address Breakdown
Residential
15,224
Single Family
8,713
Multi-Family
6,511
Businesses
621
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