23722 W Lakepoint DrChannahonIL60410
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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 Channahon at 23722 W Lakepoint Dr, Channahon, IL, 60410 generates $948/mo in rent and, after a $587/mo payment, leaves $116/mo in cash flow. Total monthly income is $948/mo, and annual cash flow is $1,392/yr on $39,780 invested. Return on cash invested sits at 23.41% in year one, and rental yield is 9.48% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 122.58% and total cumulative return in cash sums $48,763. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $948/mo property income rather than buyer’s personal income.
Manufactured
Built in 2005
6,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60410, Channahon, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,136 (100%) |
| Owner Occupied HU | 4,517 (87.9%) |
| Renter Occupied HU | 472 ( 9.2%) |
| Vacant Housing Units | 147 ( 2.9%) |
| Median Home Value | $330,335 |
| Average Home Value | $363,270 |
Housing Distribution
Address Breakdown
Residential
5,014
Single Family
5,014
Multi-Family
0
Businesses
368
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