231 Burton StGrayslakeIL60030
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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 Grayslake at 231 Burton St, Grayslake, IL, 60030 uses $124,279 cash to close to unlock $6,235/yr annual cash flow and $520/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,835/mo payment keeps the spread at $520/mo. Purchase price stands at $374,900, and rental yield measures 9.99% with $3,120/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $103,578 over five years. Five-year ROI reaches 130.72% and total cumulative return in cash records $162,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 1946
6,752 sqft 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
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