1516 S Abington LnRound LakeIL60073
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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 Round Lake at 1516 S Abington Ln, Round Lake, IL, 60073 listed at $400,600 pairs $3,797/mo rent with a $1,961/mo payment to leave $668/mo cash flow. Total monthly income runs $3,797/mo, and annual cash flow reaches $8,012/yr on $132,799 cash to close. Return on cash invested measures 25.94% in year one, and rental yield registers 11.37% at a $400,600 basis. Equity gained on principal adds $2,585/yr, and annual property appreciation at 5% supports $110,678 by year five. Five-year ROI tracks 137.32% and total cumulative return in cash totals $182,364. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,797/mo property income relative to a $1,961/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
0.25 Acres lot
$N/A/sqft
$35 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Listed by: N/A • N/A
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