505 Lincoln AveLake BluffIL60044
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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 Lake Bluff at 505 Lincoln Ave, Lake Bluff, IL, 60044 generates $3,360/mo in rent and, after a $2,134/mo payment, leaves $336/mo in cash flow. Total monthly income is $3,360/mo, and annual cash flow is $4,030/yr on $144,534 invested. Return on cash invested sits at 22.7% in year one, and rental yield is 9.25% on a $436,000 entry. Equity gained on principal adds $2,813/yr, while 5% annual appreciation builds toward $120,459 over five years. Five-year ROI reaches 118.77% and total cumulative return in cash sums $171,662. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,360/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60044, Lake Bluff, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,469 (100%) |
| Owner Occupied HU | 3,046 (68.2%) |
| Renter Occupied HU | 1,140 (25.5%) |
| Vacant Housing Units | 283 ( 6.3%) |
| Median Home Value | $570,313 |
| Average Home Value | $665,553 |
Housing Distribution
Address Breakdown
Residential
4,240
Single Family
3,426
Multi-Family
814
Businesses
682
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Listed by: Sitha Thach • RE/MAX Top Performers
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12521739