6063 Morningside CtGurneeIL60031
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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 Gurnee at 6063 Morningside Ct, Gurnee, IL, 60031 generates $4,037/mo in rent and, after a $2,398/mo payment, leaves $639/mo in cash flow. Total monthly income is $4,037/mo, and annual cash flow is $7,665/yr on $162,402 invested. Return on cash invested sits at 24.63% in year one, and rental yield is 9.89% on a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 129.13% and total cumulative return in cash sums $209,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,037/mo property income rather than buyer’s personal income.
Single Family
Built in 1989
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60031, Gurnee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,307 (100%) |
| Owner Occupied HU | 10,861 (71.0%) |
| Renter Occupied HU | 3,855 (25.2%) |
| Vacant Housing Units | 591 ( 3.9%) |
| Median Home Value | $350,989 |
| Average Home Value | $386,950 |
Housing Distribution
Address Breakdown
Residential
14,965
Single Family
12,177
Multi-Family
2,788
Businesses
1,594
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