6621 Sassafras #AWonder LakeIL60097
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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 Wonder Lake at 6621 Sassafras #A, Wonder Lake, IL, 60097 generates $2,400/mo in rent and, after a $1,444/mo payment, leaves $166/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $1,989/yr on $97,789 invested. Return on cash invested sits at 21.94% in year one, and rental yield is 9.76% on a $294,990 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,500 over five years. Five-year ROI reaches 115.57% and total cumulative return in cash sums $113,015. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Townhouse
Built in 2024
1,000 sqft lot
$N/A/sqft
$188 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60097, Wonder Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,299 (100%) |
| Owner Occupied HU | 4,168 (78.7%) |
| Renter Occupied HU | 729 (13.8%) |
| Vacant Housing Units | 402 ( 7.6%) |
| Median Home Value | $300,818 |
| Average Home Value | $322,895 |
Housing Distribution
Address Breakdown
Residential
4,767
Single Family
4,767
Multi-Family
0
Businesses
118
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Listed by: Daynae Gaudio • Daynae Gaudio
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12259011
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)