222 Lionel DrGrayslakeIL60030
Nearby investment properties with comparable rents
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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 222 Lionel Dr, Grayslake, IL, 60030 priced at $326,000 converts $3,199/mo rent into $654/mo cash flow after a $1,596/mo obligation. Total monthly income equals $3,199/mo, and annual cash flow totals $7,853/yr on $108,069 invested. Return on cash invested prints 27.18% in year one, and rental yield reads 11.78% against a $326,000 entry. Equity gained on principal adds $2,104/yr, while 5% annual appreciation compiles into $90,068 by year five. Five-year ROI reaches 143.96% and total cumulative return in cash sums $155,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,199/mo property income covering a $1,596/mo payment, not borrower’s personal income.
Townhouse
Built in 2018
1,067 sqft lot
$N/A/sqft
$283 monthly 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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Listed by: Maritza Contreras • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12152282
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)