6623 Carriage WayLong GroveIL60047
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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
Investment property for sale in Long Grove at 6623 Carriage Way, Long Grove, IL, 60047 with 5% annual appreciation on a $1,120,700 basis while $6,917/mo rent supports operations. 27% in year one. Equity gained on principal adds $7,232/yr, and five-year appreciation sums $309,629 alongside rental yield of 7.41%. Five-year ROI measures 89.67% and total cumulative return in cash totals $325,598. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,917/mo property income versus a $5,485/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
1.02 Acres lot
$N/A/sqft
$83 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60047, Lake Zurich, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,786 (100%) |
| Owner Occupied HU | 13,527 (85.7%) |
| Renter Occupied HU | 1,704 (10.8%) |
| Vacant Housing Units | 555 ( 3.5%) |
| Median Home Value | $526,302 |
| Average Home Value | $573,642 |
Housing Distribution
Address Breakdown
Residential
15,304
Single Family
14,720
Multi-Family
584
Businesses
1,275
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