5309 Grouse LnRichmondIL60071
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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 Richmond at 5309 Grouse Ln, Richmond, IL, 60071 priced at $530,000 converts $1,356/mo rent into after a $2,594/mo obligation. Total monthly income equals $1,356/mo. Return on cash invested prints 3.92% in year one, and rental yield reads 3.07% against a $530,000 entry. Equity gained on principal adds $3,420/yr, while 5% annual appreciation compiles into $146,429 by year five. Five-year ROI reaches 18.12% and total cumulative return in cash sums $31,591. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,356/mo property income covering a $2,594/mo payment, not borrower’s personal income.
Single Family
Built in 2024
0.37 Acres lot
$N/A/sqft
$310 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60071, Richmond, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,809 (100%) |
| Owner Occupied HU | 1,188 (65.7%) |
| Renter Occupied HU | 498 (27.5%) |
| Vacant Housing Units | 123 ( 6.8%) |
| Median Home Value | $370,510 |
| Average Home Value | $400,069 |
Housing Distribution
Address Breakdown
Residential
1,737
Single Family
1,270
Multi-Family
467
Businesses
219
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Listed by: Bryan Shaughnessy • Realty World Tiffany R.E.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12348036
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#17)