686 Grosse Pointe CirVernon HillsIL60061
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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 Vernon Hills at 686 Grosse Pointe Cir, Vernon Hills, IL, 60061 generates $3,074/mo in rent and, after a $1,664/mo payment, leaves $716/mo in cash flow. Total monthly income is $3,074/mo, and annual cash flow is $8,592/yr on $112,677 invested. Return on cash invested sits at 27.53% in year one, and rental yield is 10.85% on a $339,900 entry. Equity gained on principal adds $2,193/yr, while 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 144.75% and total cumulative return in cash sums $163,103. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,074/mo property income rather than buyer’s personal income.
Townhouse
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Ann Baker • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12527451