480 Wright DrLake In The HillsIL60156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake In The Hills at 480 Wright Dr, Lake In The Hills, IL, 60156 generates $3,876/mo in rent and, after a $2,153/mo payment, leaves $813/mo in cash flow. Total monthly income is $3,876/mo, and annual cash flow is $9,753/yr on $145,827 invested. Return on cash invested sits at 26.6% in year one, and rental yield is 10.57% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 139.72% and total cumulative return in cash sums $203,751. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,876/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.26 Acres lot
$N/A/sqft
$145 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60156, Lake In The Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,299 (100%) |
| Owner Occupied HU | 8,711 (84.6%) |
| Renter Occupied HU | 1,327 (12.9%) |
| Vacant Housing Units | 261 ( 2.5%) |
| Median Home Value | $319,143 |
| Average Home Value | $336,379 |
Housing Distribution
Address Breakdown
Residential
10,224
Single Family
9,692
Multi-Family
532
Businesses
459
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Listed by: Kim Keefe • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12215619
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)