13 Timber Ln APT 6Vernon HillsIL60061
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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 Vernon Hills at 13 Timber Ln APT 6, Vernon Hills, IL, 60061 priced at $199,999 pairs $1,585/mo rent with $198/mo cash flow after a $979/mo payment. Total monthly income equals $1,585/mo, and annual cash flow comes to $2,372/yr on $66,300 invested. Return on cash invested is 23.49% in year one, and rental yield stands at 9.51% on a $199,999 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 123.02% and total cumulative return in cash reaches $81,560. For financing, Ziffy Mortgage’s DSCR program evaluates $1,585/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
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: Svetlana Oleinik • HomeSmart Connect
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12434448