0 N Cedar Lake RdRound LakeIL60073
Nearby investment properties with comparable rents
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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 Round Lake at 0 N Cedar Lake Rd, Round Lake, IL, 60073 generates $3,044/mo in rent and, after a $685/mo payment, leaves $2,073/mo in cash flow. Total monthly income is $3,044/mo, and annual cash flow is $24,880/yr on $46,377 invested. Return on cash invested sits at 73.56% in year one, and rental yield is 26.11% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 391.6% and total cumulative return in cash sums $181,611. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,044/mo property income rather than buyer’s personal income.
Lot
Built in N/A
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Nearby investment properties with comparable prices
Listed by: Kamal Salah • Better Homes & Gardens Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #11989782
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)