318 David CtIsland LakeIL60042
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable and efficiently structured, 318 David Ct, Island Lake, IL, 60042 in Island Lake is a conservative rental investment at $285,000. Rental yield 8.01%. A 1.48 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $78,740; $2,625/yr in principal paydown supplements. Total projected return: $104,207.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $(75) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,902 |
| Total Monthly Debt Service | $1,863 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1936
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60042, Island Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,413 (100%) |
| Owner Occupied HU | 2,735 (80.1%) |
| Renter Occupied HU | 531 (15.6%) |
| Vacant Housing Units | 147 ( 4.3%) |
| Median Home Value | $289,221 |
| Average Home Value | $343,294 |
Housing Distribution
Address Breakdown
Residential
3,352
Single Family
3,352
Multi-Family
0
Businesses
172
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 1936
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60042, Island Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,413 (100%) |
| Owner Occupied HU | 2,735 (80.1%) |
| Renter Occupied HU | 531 (15.6%) |
| Vacant Housing Units | 147 ( 4.3%) |
| Median Home Value | $289,221 |
| Average Home Value | $343,294 |
Housing Distribution
Address Breakdown
Residential
3,352
Single Family
3,352
Multi-Family
0
Businesses
172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marj Carpenter • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12382897