1537 Colt LnGrayslakeIL60030
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1537 Colt Ln, Grayslake, IL, 60030 at $265,000 posts ROI 44.13% with $1,773/mo cash flow from $3,611/mo rent. Total monthly income equals $3,611/mo, and annual cash flow records $21,275/yr on $87,848 to close. Return on cash invested measures 44.13% and rental yield reads 16.35% at the current $265,000. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 by year five. Five-year ROI prints 233.69% and total cumulative return in cash totals $205,287.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,611/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
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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