1408 Somerset CtMundeleinIL60060
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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 1408 Somerset Ct, Mundelein, IL, 60060 listed at $638,300 pairs $5,604/mo rent with a $3,124/mo payment to leave $1,166/mo cash flow. Total monthly income runs $5,604/mo, and annual cash flow reaches $13,987/yr on $210,001 cash to close. Return on cash invested measures 26.72% in year one, and rental yield registers 10.54% at a $638,300 basis. Equity gained on principal adds $4,119/yr, and annual property appreciation at 5% supports $176,351 by year five. Five-year ROI tracks 140.35% and total cumulative return in cash totals $294,732. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,604/mo property income relative to a $3,124/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.36 Acres lot
$N/A/sqft
$8 monthly 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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