302 Elder DrRound Lake ParkIL60073
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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
Rental property for sale in Round Lake Park at 302 Elder Dr, Round Lake Park, IL, 60073 priced at $135,000 converts $1,026/mo rent into $89/mo cash flow after a $661/mo obligation. Total monthly income equals $1,026/mo, and annual cash flow totals $1,072/yr on $44,753 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 9.12% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 116.75% and total cumulative return in cash sums $52,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,026/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1936
4,791 sqft 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: Kelly O'Connell-Guzak • Home Sweet Home Ryan Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12537474