196 Hialeah LnGrayslakeIL60030
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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 Grayslake at 196 Hialeah Ln, Grayslake, IL, 60030 offers $3,120/mo rent that, after a $1,664/mo payment, leaves $762/mo cash flow. Total monthly income is $3,120/mo, and annual cash flow is $9,142/yr on $112,708 cash. Return on cash invested measures 28.02% in year one, and rental yield stands at 11.01% at a $339,995 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,934 by year five. Five-year ROI records 147.3% and total cumulative return in cash reaches $166,025. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,120/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
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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