571 Grosse Pointe Cir #11-7Vernon HillsIL60061
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Vernon Hills at 571 Grosse Pointe Cir #11-7, Vernon Hills, IL, 60061 generates $4,177/mo in rent and, after a $1,811/mo payment, leaves $1,188/mo in cash flow. Total monthly income is $4,177/mo, and annual cash flow is $14,251/yr on $122,655 invested. Return on cash invested sits at 31.53% in year one, and rental yield is 13.55% on a $370,000 entry. Equity gained on principal adds $2,388/yr, while 5% annual appreciation builds toward $102,224 over five years. Five-year ROI reaches 167.64% and total cumulative return in cash sums $205,613. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,177/mo property income rather than buyer’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
$423 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Mark Minorczyk, ABR,BPOR,CNC,E-PRO,GRI,MRP,PSA,SFR • Keller Williams ONEChicago
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12508787
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. [Click here for more information](/mls-disclaimers/#17)