461 Evergreen DrVernon 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
Rental property for sale in Vernon Hills at 461 Evergreen Dr, Vernon Hills, IL, 60061 priced at $535,000 converts $5,158/mo rent into $1,447/mo cash flow after a $2,619/mo obligation. Total monthly income equals $5,158/mo, and annual cash flow totals $17,360/yr on $176,015 invested. Return on cash invested prints 29.92% in year one, and rental yield reads 11.57% against a $535,000 entry. Equity gained on principal adds $3,452/yr, while 5% annual appreciation compiles into $147,811 by year five. Five-year ROI reaches 157.5% and total cumulative return in cash sums $277,228. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,158/mo property income covering a $2,619/mo payment, not borrower’s personal income.
Single Family
Built in 1989
9,099 sqft lot
$N/A/sqft
No 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: Kieron Quane • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12520600