1014 S Ridge RdLake ForestIL60045
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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 Lake Forest at 1014 S Ridge Rd, Lake Forest, IL, 60045 generates $5,400/mo in rent, after a $4,106/mo payment. Total monthly income is $5,400/mo. Return on cash invested sits at 18.24% in year one, and rental yield is 7.72% on a $839,000 entry. Equity gained on principal adds $5,414/yr, while 5% annual appreciation builds toward $231,800 over five years. Five-year ROI reaches 94.85% and total cumulative return in cash sums $261,828. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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Listed by: Elizabeth Wieneke • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12499322