318 David CtIsland LakeIL60042
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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 Island Lake at 318 David Ct, Island Lake, IL, 60042 priced at $285,000 converts $1,902/mo rent into after a $1,395/mo obligation. Total monthly income equals $1,902/mo. Return on cash invested prints 18.96% in year one, and rental yield reads 8.01% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 98.77% and total cumulative return in cash sums $93,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,902/mo property income covering a $1,395/mo payment, not borrower’s personal income.
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
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Listed by: Marj Carpenter • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12382897