1315 Cherokee DrRound Lake BeachIL60073
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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 Round Lake Beach at 1315 Cherokee Dr, Round Lake Beach, IL, 60073 earns $171/mo cash flow from $1,482/mo rent with a $925/mo payment. Total monthly income totals $1,482/mo, and annual cash flow totals $2,053/yr on $62,654 capital. ROI tracks 23.19% on current figures, and rental yield reads 9.41% at a $189,000 purchase. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 over five years. Five-year ROI reaches 121.48% and total cumulative return in cash sums $76,114. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,482/mo property income instead of your personal income.
Single Family
Built in 1954
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Listed by: Brenda M Valdez • RE/MAX American Dream
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12543541