2611 Providence LnLindenhurstIL60046
Nearby investment properties with comparable rents
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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 Lindenhurst at 2611 Providence Ln, Lindenhurst, IL, 60046 priced at $390,900 converts $2,400/mo rent into after a $1,913/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 16.84% in year one, and rental yield reads 7.37% against a $390,900 entry. Equity gained on principal adds $2,522/yr, while 5% annual appreciation compiles into $107,998 by year five. Five-year ROI reaches 87.44% and total cumulative return in cash sums $113,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,913/mo payment, not borrower’s personal income.
Single Family
Built in 1997
9,000 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60046, Lake Villa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,135 (100%) |
| Owner Occupied HU | 10,597 (80.7%) |
| Renter Occupied HU | 1,982 (15.1%) |
| Vacant Housing Units | 556 ( 4.2%) |
| Median Home Value | $299,253 |
| Average Home Value | $330,842 |
Housing Distribution
Address Breakdown
Residential
12,961
Single Family
11,959
Multi-Family
1,002
Businesses
660
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Listed by: Chris Varsek • Keller Williams North Shore West
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12155577
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)