405 Locust Ln, Peotone, IL, 60468 | 7.5% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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405 Locust Ln, Peotone, IL, 60468 | 7.5% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Peotone at 405 Locust Ln, Peotone, IL, 60468 generates $3,219/mo in rent, after a $2,521/mo payment. Total monthly income is $3,219/mo. Return on cash invested sits at 17.56% in year one, and rental yield is 7.5% on a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 91.19% and total cumulative return in cash sums $154,513. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,219/mo property income rather than buyer’s personal income.

Single Family

Built in 2017

N/A lot

$N/A/sqft

No HOA

More details about the property

This is the one that you have been waiting for. Prepare yourself for the very nicest home in town. Built with most every available option! The heart of this home is the kitchen featuring custom cabinets, granite countertops, farm sink, stainless steel appliances, Sub-Zero fridge, Wolf commercial range, Miele built-in coffee maker, hood, heating drawer, center island, pendant lighting, walk-in pantry, and full-sized eating area. Kitchen combines with two-story family room with grand stone fireplace to create one open concept area perfect for entertaining and togetherness. Separate dining room and mud room. Central vacuum and home security camera system! Main level bedroom suite is perfect for guests and related living. Second level features a master suite with his and hers walk-in closets, a luxury bath with separate tub and shower and two additional bedrooms with their own walk-in closets and laundry room. Second level also has a large loft area great for a home office, lounge or play area. Custom lighting and ceiling fans throughout. Basement features fitness room and framed out for a 32x16 rec room, a 16x12 bedroom, a 12x8 storage room and roughed in bath. Outside, gorgeous curb appeal, custom garage doors, fenced yard, enormous covered pavilion with lighting and outdoor fan. This is a truly remarkable home in one of the most desirable subdivisions, close to shopping, schools, restaurants, and all the best that Peotone has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 60468, Peotone, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,470 (100%)
Owner Occupied HU	1,819 (73.6%)
Renter Occupied HU	531 (21.5%)
Vacant Housing Units	120 ( 4.9%)
Median Home Value	$340,583
Average Home Value	$401,215