405 Spruce AveLake ForestIL60045
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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 Lake Forest at 405 Spruce Ave, Lake Forest, IL, 60045 earns from $4,030/mo rent with a $5,873/mo payment. Total monthly income totals $4,030/mo. ROI tracks 7.12% on current figures, and rental yield reads 4.03% at a $1,200,000 purchase. Equity gained on principal adds $7,743/yr, and 5% annual appreciation supports $331,538 over five years. Five-year ROI reaches 35.16% and total cumulative return in cash sums $136,703. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,030/mo property income instead of your personal income.
Single Family
Built in 2008
8,219 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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