230 Harvey AveGrayslakeIL60030
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Grayslake rentals match the income profile of 230 Harvey Ave, Grayslake, IL, 60030. Listed at $320,000, gross rent is $3,163/mo and net cash flow is $611/mo, a 11.86% yield well above national averages. DSCR 2.20 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $88,410 by year five with $2,947/yr in annual principal reduction, projecting $183,104 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 6.0% |
| Monthly Cash Flow | $611 | $500 |
City averages based on Grayslake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,163 |
| Total Monthly Debt Service | $2,092 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1958
0.41 Acres lot
$N/A/sqft
No 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
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
Single Family
Built in 1958
0.41 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices