941 N Swift Rd UNIT 302AddisonIL60101
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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 Addison at 941 N Swift Rd UNIT 302, Addison, IL, 60101 generates $2,395/mo in rent and, after a $1,223/mo payment, leaves $662/mo in cash flow. Total monthly income is $2,395/mo, and annual cash flow is $7,941/yr on $82,842 invested. Return on cash invested sits at 29.5% in year one, and rental yield is 11.5% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 155.23% and total cumulative return in cash sums $128,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,395/mo property income rather than buyer’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60101, Addison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,473 (100%) |
| Owner Occupied HU | 8,912 (66.1%) |
| Renter Occupied HU | 4,113 (30.5%) |
| Vacant Housing Units | 448 ( 3.3%) |
| Median Home Value | $334,016 |
| Average Home Value | $350,017 |
Housing Distribution
Address Breakdown
Residential
13,358
Single Family
9,382
Multi-Family
3,976
Businesses
1,937
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