4723 Wellington DrLong GroveIL60047
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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 Long Grove at 4723 Wellington Dr, Long Grove, IL, 60047 generates $7,320/mo in rent, after a $8,120/mo payment. Total monthly income is $7,320/mo. Return on cash invested sits at 11.02% in year one, and rental yield is 5.29% on a $1,659,000 entry. Equity gained on principal adds $10,705/yr, while 5% annual appreciation builds toward $458,351 over five years. Five-year ROI reaches 56.09% and total cumulative return in cash sums $301,475. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60047, Lake Zurich, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,786 (100%) |
| Owner Occupied HU | 13,527 (85.7%) |
| Renter Occupied HU | 1,704 (10.8%) |
| Vacant Housing Units | 555 ( 3.5%) |
| Median Home Value | $526,302 |
| Average Home Value | $573,642 |
Housing Distribution
Address Breakdown
Residential
15,304
Single Family
14,720
Multi-Family
584
Businesses
1,275
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Listed by: Jennifer Ziegler • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12545354