1329 Turnberry LnMundeleinIL60060
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 1329 Turnberry Ln, Mundelein, IL, 60060 in Mundelein. At $669,900 it earns $4,933/mo in rent and distributes $287/mo to the owner after the $3,012/mo payment, a consistent 8.84% yield. DSCR 1.64 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $185,081 in value; $6,170/yr in principal paydown compounds ownership stake. Total projected return: $274,674.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.0% |
| Monthly Cash Flow | $287 | $1,500 |
City averages based on Mundelein market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,933 |
| Total Monthly Debt Service | $4,380 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
0.33 Acres 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
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
Single Family
Built in 2005
0.33 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices