349 W Pointe DrVernon HillsIL60061
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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 Vernon Hills at 349 W Pointe Dr, Vernon Hills, IL, 60061 uses $112,710 cash to close to unlock $5,818/yr annual cash flow and $485/mo monthly cash flow. Total monthly income runs $2,843/mo, and a $1,664/mo payment keeps the spread at $485/mo. Purchase price stands at $340,000, and rental yield measures 10.03% with $2,843/mo rent. Return on cash invested shows 25.07% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 131.49% and total cumulative return in cash records $148,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,843/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Townhouse
Built in 2004
1,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Sergey Ognev • Citiland Real Estate Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12482246