498 Calvin CtGurneeIL60031
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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 Gurnee at 498 Calvin Ct, Gurnee, IL, 60031 priced at $510,000 converts $4,618/mo rent into $1,081/mo cash flow after a $2,496/mo obligation. Total monthly income equals $4,618/mo, and annual cash flow totals $12,969/yr on $167,790 invested. Return on cash invested prints 27.79% in year one, and rental yield reads 10.87% against a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation compiles into $140,904 by year five. Five-year ROI reaches 146.06% and total cumulative return in cash sums $245,067. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,618/mo property income covering a $2,496/mo payment, not borrower’s personal income.
Single Family
Built in 1992
10,585 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60031, Gurnee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,307 (100%) |
| Owner Occupied HU | 10,861 (71.0%) |
| Renter Occupied HU | 3,855 (25.2%) |
| Vacant Housing Units | 591 ( 3.9%) |
| Median Home Value | $350,989 |
| Average Home Value | $386,950 |
Housing Distribution
Address Breakdown
Residential
14,965
Single Family
12,177
Multi-Family
2,788
Businesses
1,594
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