1910 Heatherway Ln UNIT 11New LenoxIL60451
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 1910 Heatherway Ln UNIT 11, New Lenox, IL, 60451 in New Lenox. At $204,500 it earns $1,800/mo in rent and distributes $222/mo to the owner after the $920/mo payment, a consistent 10.56% yield. DSCR 1.96 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $56,500 in value; $1,883/yr in principal paydown compounds ownership stake. Total projected return: $93,168.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.2% |
| Monthly Cash Flow | $222 | $350 |
City averages based on New Lenox market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $1,497 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 1979
N/A lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60451, New Lenox, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,629 (100%) |
| Owner Occupied HU | 12,081 (88.6%) |
| Renter Occupied HU | 1,087 ( 8.0%) |
| Vacant Housing Units | 461 ( 3.4%) |
| Median Home Value | $392,998 |
| Average Home Value | $431,186 |
Housing Distribution
Address Breakdown
Residential
13,287
Single Family
12,847
Multi-Family
440
Businesses
1,182
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
Townhouse
Built in 1979
N/A lot
$N/A/sqft
$160 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60451, New Lenox, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,629 (100%) |
| Owner Occupied HU | 12,081 (88.6%) |
| Renter Occupied HU | 1,087 ( 8.0%) |
| Vacant Housing Units | 461 ( 3.4%) |
| Median Home Value | $392,998 |
| Average Home Value | $431,186 |
Housing Distribution
Address Breakdown
Residential
13,287
Single Family
12,847
Multi-Family
440
Businesses
1,182
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices