1297 Spalding DrMundeleinIL60060
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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 Mundelein at 1297 Spalding Dr, Mundelein, IL, 60060 listed at $409,000 pairs $3,300/mo rent with a $2,002/mo payment to leave $463/mo cash flow. Total monthly income runs $3,300/mo, and annual cash flow reaches $5,555/yr on $135,584 cash to close. Return on cash invested measures 24.01% in year one, and rental yield registers 9.68% at a $409,000 basis. Equity gained on principal adds $2,639/yr, and annual property appreciation at 5% supports $112,999 by year five. Five-year ROI tracks 125.78% and total cumulative return in cash totals $170,541. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,300/mo property income relative to a $2,002/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60060, Mundelein, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,538 (100%) |
| Owner Occupied HU | 10,675 (73.4%) |
| Renter Occupied HU | 3,219 (22.1%) |
| Vacant Housing Units | 644 ( 4.4%) |
| Median Home Value | $338,131 |
| Average Home Value | $395,909 |
Housing Distribution
Address Breakdown
Residential
13,969
Single Family
12,118
Multi-Family
1,851
Businesses
1,050
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