376 Gatewood LnGrayslakeIL60030
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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 376 Gatewood Ln, Grayslake, IL, 60030 with 5% annual appreciation on a $440,000 basis while $3,660/mo rent supports operations. Total monthly income totals $3,660/mo and a $2,154/mo payment preserves $608/mo for cash returns. Annual cash flow comes to $7,292/yr on $145,860 deployed, and return on cash invested reaches 24.91% in year one. Equity gained on principal adds $2,839/yr, and five-year appreciation sums $121,564 alongside rental yield of 9.98%. Five-year ROI measures 130.64% and total cumulative return in cash totals $190,546.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,660/mo property income versus a $2,154/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1993
9,583 sqft 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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