1028 Cumberland CtVernon HillsIL60061
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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 Vernon Hills at 1028 Cumberland Ct, Vernon Hills, IL, 60061 generates $2,480/mo in rent and, after a $1,640/mo payment, leaves $156/mo in cash flow. Total monthly income is $2,480/mo, and annual cash flow is $1,872/yr on $111,053 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 8.88% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 112.92% and total cumulative return in cash sums $125,396. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,480/mo property income rather than buyer’s personal income.
Townhouse
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Craig Stein • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12480622