20 Echo Ct APT 3Vernon HillsIL60061
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
Investment Highlights
Rental property for sale in Vernon Hills at 20 Echo Ct APT 3, Vernon Hills, IL, 60061 offers $1,852/mo rent that, after a $876/mo payment, leaves $611/mo cash flow. Total monthly income is $1,852/mo, and annual cash flow is $7,326/yr on $59,339 cash. Return on cash invested measures 32.26% in year one, and rental yield stands at 12.42% at a $179,000 entry. Equity gained on principal adds $1,155/yr while 5% annual appreciation compounds into $49,454 by year five. Five-year ROI records 170.06% and total cumulative return in cash reaches $100,911. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,852/mo property income versus a $876/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A 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: Anna Klarck, ABR,AHWD,CIPS,CNC,CRS,CSC,E-PRO,GRI,SFR,SRES,TRC • AK Homes
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12541397