296 W Prairie Walk LnRound LakeIL60073
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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
Investment property for sale in Round Lake at 296 W Prairie Walk Ln, Round Lake, IL, 60073 with 5% annual appreciation on a $364,900 basis while $2,580/mo rent supports operations. Total monthly income totals $2,580/mo and a $1,786/mo payment preserves $49/mo for cash returns. Annual cash flow comes to $588/yr on $120,964 deployed, and return on cash invested reaches 20.4% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,815 alongside rental yield of 8.48%. Five-year ROI measures 106.41% and total cumulative return in cash totals $128,724.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,580/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Listed by: Michael Morris • Outreach Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12508104