2020 Magnolia LnWonder LakeIL60097
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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 Wonder Lake at 2020 Magnolia Ln, Wonder Lake, IL, 60097 uses $135,584 cash to close to unlock $11,099/yr annual cash flow and $925/mo monthly cash flow. Total monthly income runs $3,762/mo, and a $2,002/mo payment keeps the spread at $925/mo. Purchase price stands at $409,000, and rental yield measures 11.04% with $3,762/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $112,999 over five years. Five-year ROI reaches 147.72% and total cumulative return in cash records $200,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,762/mo property income covering a $2,002/mo payment rather than investor’s personal income.
Single Family
Built in 2022
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60097, Wonder Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,299 (100%) |
| Owner Occupied HU | 4,168 (78.7%) |
| Renter Occupied HU | 729 (13.8%) |
| Vacant Housing Units | 402 ( 7.6%) |
| Median Home Value | $300,818 |
| Average Home Value | $322,895 |
Housing Distribution
Address Breakdown
Residential
4,767
Single Family
4,767
Multi-Family
0
Businesses
118
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Listed by: Kim Keefe • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12484109