560 Somerset Ln APT 6Crystal LakeIL60014
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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 Crystal Lake at 560 Somerset Ln APT 6, Crystal Lake, IL, 60014 uses $61,294 cash to close to unlock $1,566/yr annual cash flow and $131/mo monthly cash flow. Total monthly income runs $1,413/mo, and a $905/mo payment keeps the spread at $131/mo. Purchase price stands at $184,900, and rental yield measures 9.17% with $1,413/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 117.56% and total cumulative return in cash records $72,055. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,413/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60014, Crystal Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,766 (100%) |
| Owner Occupied HU | 14,261 (76.0%) |
| Renter Occupied HU | 3,812 (20.3%) |
| Vacant Housing Units | 693 ( 3.7%) |
| Median Home Value | $342,930 |
| Average Home Value | $362,214 |
Housing Distribution
Address Breakdown
Residential
18,377
Single Family
16,184
Multi-Family
2,193
Businesses
1,699
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Listed by: Anna Domagala • Charles Rutenberg Realty of IL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12425967