31 E Sandpiper LnLake ForestIL60045
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 31 E Sandpiper Ln, Lake Forest, IL, 60045 in Lake Forest is capital appreciation. Rental yield 5.41%. The 5.41% gross yield at $1,600,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $442,051 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.00) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $355,178.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.4% | 6.0% |
| Monthly Cash Flow | $(3,960) | $300 |
City averages based on Lake Forest market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,187 |
| Total Monthly Debt Service | $10,545 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1987
0.42 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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 1987
0.42 Acres lot
$N/A/sqft
$1,000 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth de Wet • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12388328
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)