213 Switchgrass DrRound LakeIL60073
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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 Round Lake at 213 Switchgrass Dr, Round Lake, IL, 60073 priced at $385,000 converts $3,137/mo rent into $467/mo cash flow after a $1,884/mo obligation. Total monthly income equals $3,137/mo, and annual cash flow totals $5,603/yr on $127,628 invested. Return on cash invested prints 24.3% in year one, and rental yield reads 9.78% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 127.35% and total cumulative return in cash sums $162,538. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,137/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1999
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Listed by: Iuliia Kedrovska • KOMAR
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12542317