6412 Redbird LnCrystal LakeIL60012
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 6412 Redbird Ln, Crystal Lake, IL, 60012 in Crystal Lake at $410,000 earns $2,142/mo in rent and nets $62/mo after the $1,844/mo payment, a 8.57% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $113,275 over five years. Ziffy Mortgage underwrites this on a 1.16 DSCR without U.S. credit history. With $3,776/yr in principal paydown, total projected return reaches $111,617.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.0% |
| Monthly Cash Flow | $62 | $250 |
City averages based on Crystal Lake market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,142 |
| Total Monthly Debt Service | $2,681 |
| DSCR Ratio | 0.80x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1977
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60012, Crystal Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,498 (100%) |
| Owner Occupied HU | 3,842 (85.4%) |
| Renter Occupied HU | 483 (10.7%) |
| Vacant Housing Units | 173 ( 3.8%) |
| Median Home Value | $413,115 |
| Average Home Value | $454,064 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,128
Multi-Family
206
Businesses
194
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
Single Family
Built in 1977
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60012, Crystal Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,498 (100%) |
| Owner Occupied HU | 3,842 (85.4%) |
| Renter Occupied HU | 483 (10.7%) |
| Vacant Housing Units | 173 ( 3.8%) |
| Median Home Value | $413,115 |
| Average Home Value | $454,064 |
Housing Distribution
Address Breakdown
Residential
4,334
Single Family
4,128
Multi-Family
206
Businesses
194
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Gasior • Charles Rutenberg Realty of IL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12409174