623 Kenilworth StGrayslakeIL60030
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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 Grayslake at 623 Kenilworth St, Grayslake, IL, 60030 priced at $315,000 converts $2,240/mo rent into $55/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,240/mo, and annual cash flow totals $658/yr on $104,423 invested. Return on cash invested prints 20.54% in year one, and rental yield reads 8.53% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 107.2% and total cumulative return in cash sums $111,941. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,240/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60030, Grayslake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,398 (100%) |
| Owner Occupied HU | 11,843 (76.9%) |
| Renter Occupied HU | 2,812 (18.3%) |
| Vacant Housing Units | 743 ( 4.8%) |
| Median Home Value | $307,844 |
| Average Home Value | $333,010 |
Housing Distribution
Address Breakdown
Residential
14,908
Single Family
13,384
Multi-Family
1,524
Businesses
993
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