118 Harvest GateLake In The HillsIL60156
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
Investment Highlights
Rental property for sale in Lake In The Hills at 118 Harvest Gate, Lake In The Hills, IL, 60156 offers $1,740/mo rent that, after a $1,224/mo payment, leaves $6/mo cash flow. Total monthly income is $1,740/mo, and annual cash flow is $67/yr on $82,875 cash. Return on cash invested measures 19.99% in year one, and rental yield stands at 8.35% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 104.28% and total cumulative return in cash reaches $86,422. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60156, Lake In The Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,299 (100%) |
| Owner Occupied HU | 8,711 (84.6%) |
| Renter Occupied HU | 1,327 (12.9%) |
| Vacant Housing Units | 261 ( 2.5%) |
| Median Home Value | $319,143 |
| Average Home Value | $336,379 |
Housing Distribution
Address Breakdown
Residential
10,224
Single Family
9,692
Multi-Family
532
Businesses
459
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Dombrowski • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12438972