1945 N Lake Charles DrVernon HillsIL60061
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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 Vernon Hills at 1945 N Lake Charles Dr, Vernon Hills, IL, 60061 generates $5,158/mo in rent, after a $6,843/mo payment. Total monthly income is $5,158/mo. Return on cash invested sits at 8.34% in year one, and rental yield is 4.43% on a $1,398,000 entry. Equity gained on principal adds $9,021/yr, while 5% annual appreciation builds toward $386,242 over five years. Five-year ROI reaches 41.73% and total cumulative return in cash sums $189,015. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,158/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Chris Peters • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12420546