2741 Fairfax LnLake In The HillsIL60156
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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
Investment property for sale in Lake In The Hills at 2741 Fairfax Ln, Lake In The Hills, IL, 60156 uses $137,539 cash to close to unlock $6,682/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $3,473/mo, and a $2,031/mo payment keeps the spread at $557/mo. Purchase price stands at $414,900, and rental yield measures 10.04% with $3,473/mo rent. Return on cash invested shows 24.77% in year one, and 5% annual appreciation builds toward $114,629 over five years. Five-year ROI reaches 129.99% and total cumulative return in cash records $178,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,473/mo property income covering a $2,031/mo payment rather than investor’s personal income.
Single Family
Built in 1999
5,995 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60156, Lake In The Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,299 (100%) |
| Owner Occupied HU | 8,711 (84.6%) |
| Renter Occupied HU | 1,327 (12.9%) |
| Vacant Housing Units | 261 ( 2.5%) |
| Median Home Value | $319,143 |
| Average Home Value | $336,379 |
Housing Distribution
Address Breakdown
Residential
10,224
Single Family
9,692
Multi-Family
532
Businesses
459
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Listed by: Jacqueline Reed • Keller Williams Success Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12147830
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)