1510 Meadow View Ln LOT 1182GrayslakeIL60030
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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 Grayslake at 1510 Meadow View Ln LOT 1182, Grayslake, IL, 60030 offers a 25.14% rental yield on a $121,800 purchase with $2,552/mo rent. Total monthly income registers $2,552/mo, and a $596/mo payment leaves $1,707/mo available for distribution. Annual cash flow reaches $20,488/yr on $40,377 to close, and return on cash invested stands at 70.65% in year one. Equity gained on principal adds $786/yr while 5% annual appreciation supports $33,651 over five years. Portfolio math shows five-year ROI at 375.98% and total cumulative return in cash at $151,808. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,552/mo property income against a $596/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60030, Grayslake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,398 (100%) |
| Owner Occupied HU | 11,843 (76.9%) |
| Renter Occupied HU | 2,812 (18.3%) |
| Vacant Housing Units | 743 ( 4.8%) |
| Median Home Value | $307,844 |
| Average Home Value | $333,010 |
Housing Distribution
Address Breakdown
Residential
14,908
Single Family
13,384
Multi-Family
1,524
Businesses
993
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