2905 Carousel CtGrayslakeIL60030
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeMost investment properties struggle to clear the 1.25x DSCR minimum. 2905 Carousel Ct, Grayslake, IL, 60030 in Grayslake clears it at 1.52, a meaningful distinction for the Ziffy Mortgage DSCR approval process. Rental yield 8.21%. Strong coverage makes approval clean and leaves room for vacancy without breaching underwriting thresholds. Five-year appreciation: $79,293; $2,643/yr in principal equity; total projected return: $108,079.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.0% |
| Monthly Cash Flow | $(1,174) | $500 |
City averages based on Grayslake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,964 |
| Total Monthly Debt Service | $1,876 |
| DSCR Ratio | 1.05x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60030, Grayslake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,398 (100%) |
| Owner Occupied HU | 11,843 (76.9%) |
| Renter Occupied HU | 2,812 (18.3%) |
| Vacant Housing Units | 743 ( 4.8%) |
| Median Home Value | $307,844 |
| Average Home Value | $333,010 |
Housing Distribution
Address Breakdown
Residential
14,908
Single Family
13,384
Multi-Family
1,524
Businesses
993
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
Single Family
Built in 2006
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60030, Grayslake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,398 (100%) |
| Owner Occupied HU | 11,843 (76.9%) |
| Renter Occupied HU | 2,812 (18.3%) |
| Vacant Housing Units | 743 ( 4.8%) |
| Median Home Value | $307,844 |
| Average Home Value | $333,010 |
Housing Distribution
Address Breakdown
Residential
14,908
Single Family
13,384
Multi-Family
1,524
Businesses
993
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices