11 Echo Ct APT 5Vernon 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
Investment property for sale in Vernon Hills at 11 Echo Ct APT 5, Vernon Hills, IL, 60061 listed at $159,000 pairs $1,207/mo rent with a $778/mo payment to leave $104/mo cash flow. Total monthly income runs $1,207/mo, and annual cash flow reaches $1,252/yr on $52,709 cash to close. Return on cash invested measures 22.29% in year one, and rental yield registers 9.11% at a $159,000 basis. Equity gained on principal adds $1,026/yr, and annual property appreciation at 5% supports $43,929 by year five. Five-year ROI tracks 116.61% and total cumulative return in cash totals $61,464. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,207/mo property income relative to a $778/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
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: Andrew Shevelev • American Real Estate Services
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12479731