3824 Eastway DrIsland lakeIL60042
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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 Island lake at 3824 Eastway Dr, Island lake, IL, 60042 listed at $325,000 pairs $2,172/mo rent with a $1,591/mo payment. Total monthly income runs $2,172/mo. Return on cash invested measures 18.99% in year one, and rental yield registers 8.02% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 98.91% and total cumulative return in cash totals $106,561. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,172/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60042, Island Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,413 (100%) |
| Owner Occupied HU | 2,735 (80.1%) |
| Renter Occupied HU | 531 (15.6%) |
| Vacant Housing Units | 147 ( 4.3%) |
| Median Home Value | $289,221 |
| Average Home Value | $343,294 |
Housing Distribution
Address Breakdown
Residential
3,352
Single Family
3,352
Multi-Family
0
Businesses
172
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Listed by: Kelly Vance • Century 21 Integra
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12419591