24 Equestrian WayLemontIL60439
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 Lemont at 24 Equestrian Way, Lemont, IL, 60439 priced at $834,999 converts $4,500/mo rent into after a $4,087/mo obligation. Total monthly income equals $4,500/mo. Return on cash invested prints 14.42% in year one, and rental yield reads 6.47% against a $834,999 entry. Equity gained on principal adds $5,388/yr, while 5% annual appreciation compiles into $230,695 by year five. Five-year ROI reaches 74.36% and total cumulative return in cash sums $204,280. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,500/mo property income covering a $4,087/mo payment, not borrower’s personal income.
Single Family
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60439, Lemont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,725 (100%) |
| Owner Occupied HU | 7,954 (81.8%) |
| Renter Occupied HU | 1,290 (13.3%) |
| Vacant Housing Units | 481 ( 4.9%) |
| Median Home Value | $463,880 |
| Average Home Value | $514,468 |
Housing Distribution
Address Breakdown
Residential
9,262
Single Family
8,782
Multi-Family
480
Businesses
685
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy Grele • Anderson Ash, LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12129403
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)