3477 Steeplechase Way LOT 872GrayslakeIL60030
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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 Grayslake at 3477 Steeplechase Way LOT 872, Grayslake, IL, 60030 earns $155/mo cash flow from $1,161/mo rent with a $710/mo payment. Total monthly income totals $1,161/mo, and annual cash flow totals $1,859/yr on $48,068 capital. ROI tracks 23.78% on current figures, and rental yield reads 9.61% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 124.57% and total cumulative return in cash sums $59,876. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,161/mo property income instead of your personal income.
Manufactured
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60030, Grayslake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,398 (100%) |
| Owner Occupied HU | 11,843 (76.9%) |
| Renter Occupied HU | 2,812 (18.3%) |
| Vacant Housing Units | 743 ( 4.8%) |
| Median Home Value | $307,844 |
| Average Home Value | $333,010 |
Housing Distribution
Address Breakdown
Residential
14,908
Single Family
13,384
Multi-Family
1,524
Businesses
993
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