501 Windsor LnIsland LakeIL60042
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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
Investment property for sale in Island Lake at 501 Windsor Ln, Island Lake, IL, 60042 uses $132,269 cash to close to unlock $4,864/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $3,173/mo, and a $1,953/mo payment keeps the spread at $405/mo. Purchase price stands at $399,000, and rental yield measures 9.54% with $3,173/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 123.56% and total cumulative return in cash records $163,430. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,173/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60042, Island Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,413 (100%) |
| Owner Occupied HU | 2,735 (80.1%) |
| Renter Occupied HU | 531 (15.6%) |
| Vacant Housing Units | 147 ( 4.3%) |
| Median Home Value | $289,221 |
| Average Home Value | $343,294 |
Housing Distribution
Address Breakdown
Residential
3,352
Single Family
3,352
Multi-Family
0
Businesses
172
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Listed by: Daniel Bryan • Flatland Homes, LTD
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12451991