385 Deerbrook LnVernon 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 385 Deerbrook Ln, Vernon Hills, IL, 60061 uses $165,419 cash to close to unlock $28,886/yr annual cash flow and $2,407/mo monthly cash flow. Total monthly income runs $6,229/mo, and a $2,442/mo payment keeps the spread at $2,407/mo. Purchase price stands at $499,000, and rental yield measures 14.98% with $6,229/mo rent. Return on cash invested shows 37.37% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 198.43% and total cumulative return in cash records $328,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,229/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Townhouse
Built in 1995
1,701 sqft lot
$N/A/sqft
$361 monthly 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: Debra Baker • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12153586
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)