50 N Lake AveFox LakeIL60020
Nearby investment properties with comparable rents
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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 Fox Lake at 50 N Lake Ave, Fox Lake, IL, 60020 offers $3,571/mo rent that, after a $2,691/mo payment. Total monthly income is $3,571/mo. Return on cash invested measures 18.45% in year one, and rental yield stands at 7.79% at a $549,873 entry. Equity gained on principal adds $3,548/yr while 5% annual appreciation compounds into $151,920 by year five. Five-year ROI records 95.99% and total cumulative return in cash reaches $173,646. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,571/mo property income versus a $2,691/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1943
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60020, Fox Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,686 (100%) |
| Owner Occupied HU | 3,560 (62.6%) |
| Renter Occupied HU | 1,446 (25.4%) |
| Vacant Housing Units | 680 (12.0%) |
| Median Home Value | $274,201 |
| Average Home Value | $328,237 |
Housing Distribution
Address Breakdown
Residential
5,603
Single Family
4,860
Multi-Family
743
Businesses
342
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