3 Spring Garden CtLake In The HillsIL60156
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
Rental property for sale in Lake In The Hills at 3 Spring Garden Ct, Lake In The Hills, IL, 60156 priced at $388,700 converts $3,628/mo rent into $783/mo cash flow after a $1,902/mo obligation. Total monthly income equals $3,628/mo, and annual cash flow totals $9,397/yr on $128,854 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 11.2% against a $388,700 entry. Equity gained on principal adds $2,508/yr, while 5% annual appreciation compiles into $107,391 by year five. Five-year ROI reaches 143.45% and total cumulative return in cash sums $184,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,628/mo property income covering a $1,902/mo payment, not borrower’s personal income.
Single Family
Built in 1993
N/A 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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