901 N Cove DrPalatineIL60067
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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 901 N Cove Dr, Palatine, IL, 60067 earns $1,827/mo cash flow from $4,769/mo rent with a $1,796/mo payment. Total monthly income totals $4,769/mo, and annual cash flow totals $21,920/yr on $121,661 capital. ROI tracks 37.93% on current figures, and rental yield reads 15.59% at a $367,000 purchase. Equity gained on principal adds $2,368/yr, and 5% annual appreciation supports $101,395 over five years. Five-year ROI reaches 201.87% and total cumulative return in cash sums $245,591. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,769/mo property income instead of your personal income.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
$397 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60067, Palatine, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,806 (100%) |
| Owner Occupied HU | 12,221 (72.7%) |
| Renter Occupied HU | 3,604 (21.4%) |
| Vacant Housing Units | 981 ( 5.8%) |
| Median Home Value | $436,194 |
| Average Home Value | $473,977 |
Housing Distribution
Address Breakdown
Residential
16,762
Single Family
12,515
Multi-Family
4,247
Businesses
1,109
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Listed by: Rohit Parti • Real Estate Shoppers Stop LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12141182
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)