350 County Line RdLeeIL60530
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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 Lee at 350 County Line Rd, Lee, IL, 60530 offers $1,459/mo rent that, after a $1,444/mo payment. Total monthly income is $1,459/mo. Return on cash invested measures 12.7% in year one, and rental yield stands at 5.93% at a $295,000 entry. Equity gained on principal adds $1,904/yr while 5% annual appreciation compounds into $81,503 by year five. Five-year ROI records 65.19% and total cumulative return in cash reaches $63,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,459/mo property income versus a $1,444/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1936
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60530, Lee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 181 (70.7%) |
| Renter Occupied HU | 52 (20.3%) |
| Vacant Housing Units | 23 ( 9.0%) |
| Median Home Value | $265,625 |
| Average Home Value | $274,268 |
Housing Distribution
Address Breakdown
Residential
225
Single Family
225
Multi-Family
0
Businesses
15
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