15 Echo Ct APT 2Vernon HillsIL60061
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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 Vernon Hills at 15 Echo Ct APT 2, Vernon Hills, IL, 60061 with 5% annual appreciation on a $169,500 basis while $2,629/mo rent supports operations. Total monthly income totals $2,629/mo and a $830/mo payment preserves $1,127/mo for cash returns. Annual cash flow comes to $13,523/yr on $56,189 deployed, and return on cash invested reaches 43.98% in year one. Equity gained on principal adds $1,094/yr, and five-year appreciation sums $46,830 alongside rental yield of 18.61%. Five-year ROI measures 235.4% and total cumulative return in cash totals $132,272.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,629/mo property income versus a $830/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1979
N/A lot
$N/A/sqft
$326 monthly 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: Tom Glusic • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12169808
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)