354 Richmond LnVillage Of LakewoodIL60014
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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 Village Of Lakewood at 354 Richmond Ln, Village Of Lakewood, IL, 60014 uses $147,683 cash to close to unlock $3,161/yr annual cash flow and $263/mo monthly cash flow. Total monthly income runs $3,354/mo, and a $2,181/mo payment keeps the spread at $263/mo. Purchase price stands at $445,500, and rental yield measures 9.03% with $3,354/mo rent. Return on cash invested shows 22.05% in year one, and 5% annual appreciation builds toward $123,083 over five years. Five-year ROI reaches 115.32% and total cumulative return in cash records $170,301. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,354/mo property income covering a $2,181/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60014, Crystal Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,766 (100%) |
| Owner Occupied HU | 14,261 (76.0%) |
| Renter Occupied HU | 3,812 (20.3%) |
| Vacant Housing Units | 693 ( 3.7%) |
| Median Home Value | $342,930 |
| Average Home Value | $362,214 |
Housing Distribution
Address Breakdown
Residential
18,377
Single Family
16,184
Multi-Family
2,193
Businesses
1,699
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