260 N Fiore PkwyVernon HillsIL60061
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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 Vernon Hills at 260 N Fiore Pkwy, Vernon Hills, IL, 60061 priced at $520,000 converts $3,540/mo rent into after a $2,545/mo obligation. Total monthly income equals $3,540/mo. Return on cash invested prints 19.59% in year one, and rental yield reads 8.17% against a $520,000 entry. Equity gained on principal adds $3,355/yr, while 5% annual appreciation compiles into $143,666 by year five. Five-year ROI reaches 102.11% and total cumulative return in cash sums $174,695. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,540/mo property income covering a $2,545/mo payment, not borrower’s personal income.
Single Family
Built in 1989
9,330 sqft 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: Michelle Nunez, CSC,E-PRO,RENE,SRS • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12530317