34 Montego Colony APT 1Fox LakeIL60020
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 34 Montego Colony APT 1, Fox Lake, IL, 60020 in Fox Lake achieves a 1.73 ratio at $125,000: $974/mo rent versus $562/mo debt service. Rental yield 9.35%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.35% yield compounds alongside 5% annual appreciation projecting $34,535 in value. Total projected cumulative return: $54,703.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $(440) | $350 |
City averages based on Fox Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $974 |
| Total Monthly Debt Service | $817 |
| DSCR Ratio | 1.19x |
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.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60020, Fox Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,686 (100%) |
| Owner Occupied HU | 3,560 (62.6%) |
| Renter Occupied HU | 1,446 (25.4%) |
| Vacant Housing Units | 680 (12.0%) |
| Median Home Value | $274,201 |
| Average Home Value | $328,237 |
Housing Distribution
Address Breakdown
Residential
5,603
Single Family
4,860
Multi-Family
743
Businesses
342
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
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60020, Fox Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,686 (100%) |
| Owner Occupied HU | 3,560 (62.6%) |
| Renter Occupied HU | 1,446 (25.4%) |
| Vacant Housing Units | 680 (12.0%) |
| Median Home Value | $274,201 |
| Average Home Value | $328,237 |
Housing Distribution
Address Breakdown
Residential
5,603
Single Family
4,860
Multi-Family
743
Businesses
342
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices