1147 Steeple View DrLong GroveIL60047
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 1147 Steeple View Dr, Long Grove, IL, 60047 in Long Grove worth study. Rental yield 2.86%. The 2.86% gross yield is below cash-flow benchmarks at $1,650,000, but 5% annual appreciation, adding $455,865 over five years, frames this as a capital growth position. Rent of $3,926/mo partially offsets the $7,419/mo payment. Ziffy Mortgage finances appreciation-play properties (0.53 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $147,233.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.9% | 5.2% |
| Monthly Cash Flow | $(7,581) | $1,300 |
City averages based on Long Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,926 |
| Total Monthly Debt Service | $10,788 |
| DSCR Ratio | 0.36x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2015
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60047, Lake Zurich, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,786 (100%) |
| Owner Occupied HU | 13,527 (85.7%) |
| Renter Occupied HU | 1,704 (10.8%) |
| Vacant Housing Units | 555 ( 3.5%) |
| Median Home Value | $526,302 |
| Average Home Value | $573,642 |
Housing Distribution
Address Breakdown
Residential
15,304
Single Family
14,720
Multi-Family
584
Businesses
1,275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2015
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60047, Lake Zurich, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,786 (100%) |
| Owner Occupied HU | 13,527 (85.7%) |
| Renter Occupied HU | 1,704 (10.8%) |
| Vacant Housing Units | 555 ( 3.5%) |
| Median Home Value | $526,302 |
| Average Home Value | $573,642 |
Housing Distribution
Address Breakdown
Residential
15,304
Single Family
14,720
Multi-Family
584
Businesses
1,275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12575876