4806 Patty LnRingwoodIL60072
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 4806 Patty Ln, Ringwood, IL, 60072 in Ringwood. Rental yield 1.66%. At $865,250 with 1.66% gross yield, current distributions are modest, but the 5% appreciation rate projects $239,053 in new equity by year five, complemented by $7,969/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.31) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $21,914.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.7% | 6.0% |
| Monthly Cash Flow | $(4,827) | $1,200 |
City averages based on Ringwood market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,200 |
| Total Monthly Debt Service | $5,657 |
| DSCR Ratio | 0.21x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
4.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60072, Ringwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 318 (100%) |
| Owner Occupied HU | 268 (84.3%) |
| Renter Occupied HU | 46 (14.5%) |
| Vacant Housing Units | 4 ( 1.3%) |
| Median Home Value | $414,737 |
| Average Home Value | $436,194 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
126
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
Single Family
Built in 2002
4.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60072, Ringwood, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 318 (100%) |
| Owner Occupied HU | 268 (84.3%) |
| Renter Occupied HU | 46 (14.5%) |
| Vacant Housing Units | 4 ( 1.3%) |
| Median Home Value | $414,737 |
| Average Home Value | $436,194 |
Housing Distribution
Address Breakdown
Residential
324
Single Family
324
Multi-Family
0
Businesses
126
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices