140 Franklin Pl E APT 207Lake ForestIL60045
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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 Lake Forest at 140 Franklin Pl E APT 207, Lake Forest, IL, 60045 listed at $570,000 pairs $4,560/mo rent with a $2,790/mo payment to leave $606/mo cash flow. Total monthly income runs $4,560/mo, and annual cash flow reaches $7,275/yr on $187,530 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.6% at a $570,000 basis. Equity gained on principal adds $3,678/yr, and annual property appreciation at 5% supports $157,480 by year five. Five-year ROI tracks 125.43% and total cumulative return in cash totals $235,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,560/mo property income relative to a $2,790/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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Listed by: Mona Hellinga • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12518485