620 Salceda DrMundeleinIL60060
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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 620 Salceda Dr, Mundelein, IL, 60060 priced at $512,000 converts $4,516/mo rent into $965/mo cash flow after a $2,506/mo obligation. Total monthly income equals $4,516/mo, and annual cash flow totals $11,576/yr on $168,448 invested. Return on cash invested prints 26.93% in year one, and rental yield reads 10.58% against a $512,000 entry. Equity gained on principal adds $3,304/yr, while 5% annual appreciation compiles into $141,456 by year five. Five-year ROI reaches 141.46% and total cumulative return in cash sums $238,291. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,516/mo property income covering a $2,506/mo payment, not borrower’s personal income.
Single Family
Built in 1992
0.28 Acres 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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