504 W Forest AveRound LakeIL60073
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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 Round Lake at 504 W Forest Ave, Round Lake, IL, 60073 offers $4,439/mo rent that, after a $2,325/mo payment, leaves $1,144/mo cash flow. Total monthly income is $4,439/mo, and annual cash flow is $13,730/yr on $157,463 cash. Return on cash invested measures 28.63% in year one, and rental yield stands at 11.21% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 150.6% and total cumulative return in cash reaches $237,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,439/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
2.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Nearby investment properties with comparable prices
Listed by: Susan Mago • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12461542