318 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
Investment property for sale in Round Lake Park at 318 Elder Dr, Round Lake Park, IL, 60073 uses $89,174 cash to close to unlock $825/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $1,935/mo, and a $1,317/mo payment keeps the spread at $69/mo. Purchase price stands at $269,000, and rental yield measures 8.63% with $1,935/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 108.78% and total cumulative return in cash records $97,007. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,935/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1940
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: #12534402