5045 Grand AveGurneeIL60031
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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 5045 Grand Ave, Gurnee, IL, 60031 offers $4,781/mo rent that, after a $2,701/mo payment, leaves $535/mo cash flow. Total monthly income is $4,781/mo, and annual cash flow is $6,420/yr on $181,542 cash. Return on cash invested measures 23.6% in year one, and rental yield stands at 10.4% at a $551,800 entry. Equity gained on principal adds $3,561/yr while 5% annual appreciation compounds into $152,452 by year five. Five-year ROI records 124.57% and total cumulative return in cash reaches $226,139. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,781/mo property income versus a $2,701/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
1.03 Acres 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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