1622 Melrose AveRound Lake BeachIL60073
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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
Rental property for sale in Round Lake Beach at 1622 Melrose Ave, Round Lake Beach, IL, 60073 generates $1,433/mo in rent, after a $1,028/mo payment. Total monthly income is $1,433/mo. Return on cash invested sits at 19.5% in year one, and rental yield is 8.19% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 101.67% and total cumulative return in cash sums $70,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,433/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
4,791 sqft lot
$N/A/sqft
No 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: Angela Imlah • RE/MAX Plaza
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12513972