507 Pleasure DrMundeleinIL60060
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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 Mundelein at 507 Pleasure Dr, Mundelein, IL, 60060 uses $82,875 cash to close to unlock $583/yr annual cash flow and $49/mo monthly cash flow. Total monthly income runs $1,783/mo, and a $1,224/mo payment keeps the spread at $49/mo. Purchase price stands at $250,000, and rental yield measures 8.56% with $1,783/mo rent. Return on cash invested shows 20.61% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 107.61% and total cumulative return in cash records $89,182. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,783/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1929
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60060, Mundelein, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,538 (100%) |
| Owner Occupied HU | 10,675 (73.4%) |
| Renter Occupied HU | 3,219 (22.1%) |
| Vacant Housing Units | 644 ( 4.4%) |
| Median Home Value | $338,131 |
| Average Home Value | $395,909 |
Housing Distribution
Address Breakdown
Residential
13,969
Single Family
12,118
Multi-Family
1,851
Businesses
1,050
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