231 Harvest CtVernon HillsIL60061
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
Investment Highlights
Rental property for sale in Vernon Hills at 231 Harvest Ct, Vernon Hills, IL, 60061 priced at $224,900 pairs $1,584/mo rent with $24/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,584/mo, and annual cash flow comes to $286/yr on $74,554 invested. Return on cash invested is 20.29% in year one, and rental yield stands at 8.45% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 105.88% and total cumulative return in cash reaches $78,937. For financing, Ziffy Mortgage’s DSCR program evaluates $1,584/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Yuliia Kravchuk • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12532522