404 Lauren LnIsland 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 404 Lauren Ln, Island Lake, IL, 60042 with 5% annual appreciation on a $260,000 basis while $2,258/mo rent supports operations. Total monthly income totals $2,258/mo and a $1,273/mo payment preserves $454/mo for cash returns. Annual cash flow comes to $5,450/yr on $86,190 deployed, and return on cash invested reaches 26.23% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 10.42%. Five-year ROI measures 137.77% and total cumulative return in cash totals $118,745.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,258/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1993
3,150 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: Amanda Garcia • Fulton Grace Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12450196