299 Mallard Point #DLake BarringtonIL60010
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
Investment Highlights
Investment property for sale in Lake Barrington at 299 Mallard Point #D, Lake Barrington, IL, 60010 with 5% annual appreciation on a $350,000 basis while $2,620/mo rent supports operations. Total monthly income totals $2,620/mo and a $1,713/mo payment preserves $192/mo for cash returns. Annual cash flow comes to $2,309/yr on $116,025 deployed, and return on cash invested reaches 21.9% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 8.98%. Five-year ROI measures 114.53% and total cumulative return in cash totals $132,878.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,620/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60010, Barrington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,812 (100%) |
| Owner Occupied HU | 14,919 (83.8%) |
| Renter Occupied HU | 1,694 ( 9.5%) |
| Vacant Housing Units | 1,199 ( 6.7%) |
| Median Home Value | $589,658 |
| Average Home Value | $678,718 |
Housing Distribution
Address Breakdown
Residential
17,976
Single Family
16,738
Multi-Family
1,238
Businesses
1,484
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Taylor • RE/MAX Properties Northwest
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549419