12 Parkside Ct APT 9Vernon HillsIL60061
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
Investment property for sale in Vernon Hills at 12 Parkside Ct APT 9, Vernon Hills, IL, 60061 at $197,900 posts ROI 28.65% with $478/mo cash flow from $2,215/mo rent. Total monthly income equals $2,215/mo, and annual cash flow records $5,735/yr on $65,604 to close. Return on cash invested measures 28.65% and rental yield reads 13.43% at the current $197,900. Equity gained on principal adds $1,277/yr, and 5% annual appreciation supports $54,676 by year five. Five-year ROI prints 153.13% and total cumulative return in cash totals $100,461.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,215/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1979
N/A lot
$N/A/sqft
$364 monthly 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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Nearby investment properties with comparable prices
Listed by: Andrew Shevelev • American Real Estate Services
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12183447
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)