2 Melbourne CtLake In The HillsIL60156
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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
Investment property for sale in Lake In The Hills at 2 Melbourne Ct, Lake In The Hills, IL, 60156 with 5% annual appreciation on a $379,990 basis while $2,760/mo rent supports operations. Total monthly income totals $2,760/mo and a $1,860/mo payment preserves $124/mo for cash returns. Annual cash flow comes to $1,490/yr on $125,967 deployed, and return on cash invested reaches 21.09% in year one. Equity gained on principal adds $2,452/yr, and five-year appreciation sums $104,984 alongside rental yield of 8.72%. Five-year ROI measures 110.2% and total cumulative return in cash totals $138,813.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,760/mo property income versus a $1,860/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
8,886 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60156, Lake In The Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,299 (100%) |
| Owner Occupied HU | 8,711 (84.6%) |
| Renter Occupied HU | 1,327 (12.9%) |
| Vacant Housing Units | 261 ( 2.5%) |
| Median Home Value | $319,143 |
| Average Home Value | $336,379 |
Housing Distribution
Address Breakdown
Residential
10,224
Single Family
9,692
Multi-Family
532
Businesses
459
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Listed by: Diana Matichyn • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12468155