515 Catalpa DrRound LakeIL60073
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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 Round Lake at 515 Catalpa Dr, Round Lake, IL, 60073 offers a 9.62% rental yield on a $185,000 purchase with $1,483/mo rent. Total monthly income registers $1,483/mo, and a $905/mo payment leaves $200/mo available for distribution. Annual cash flow reaches $2,403/yr on $61,328 to close, and return on cash invested stands at 23.83% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 124.9% and total cumulative return in cash at $76,599. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,483/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,356 sqft 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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Listed by: Chrissy Newbold • RE/MAX Connections II
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12521186