694 Monroe Dr #694Lake VillaIL60046
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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 Lake Villa at 694 Monroe Dr #694, Lake Villa, IL, 60046 uses $98,091 cash to close to unlock $4,174/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,448/mo payment keeps the spread at $348/mo. Purchase price stands at $295,900, and rental yield measures 9.73% with $2,400/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $81,752 over five years. Five-year ROI reaches 126.64% and total cumulative return in cash records $124,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,448/mo payment rather than investor’s personal income.
Townhouse
Built in 1991
2,135 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60046, Lake Villa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,135 (100%) |
| Owner Occupied HU | 10,597 (80.7%) |
| Renter Occupied HU | 1,982 (15.1%) |
| Vacant Housing Units | 556 ( 4.2%) |
| Median Home Value | $299,253 |
| Average Home Value | $330,842 |
Housing Distribution
Address Breakdown
Residential
12,961
Single Family
11,959
Multi-Family
1,002
Businesses
660
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Listed by: Anna Luo • Newlife Realty LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12484760