600 W Hammond StMundeleinIL60060
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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 Mundelein at 600 W Hammond St, Mundelein, IL, 60060 priced at $269,815 converts $2,582/mo rent into $710/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,582/mo, and annual cash flow totals $8,522/yr on $89,444 invested. Return on cash invested prints 29.44% in year one, and rental yield reads 11.48% against a $269,815 entry. Equity gained on principal adds $1,741/yr, while 5% annual appreciation compiles into $74,545 by year five. Five-year ROI reaches 154.96% and total cumulative return in cash sums $138,603. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,582/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 1957
8,059 sqft 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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