700 N Lakeside DrVernon 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
Investment property for sale in Vernon Hills at 700 N Lakeside Dr, Vernon Hills, IL, 60061 uses $142,512 cash to close to unlock $3,951/yr annual cash flow and $329/mo monthly cash flow. Total monthly income runs $3,311/mo, and a $2,104/mo payment keeps the spread at $329/mo. Purchase price stands at $429,900, and rental yield measures 9.24% with $3,311/mo rent. Return on cash invested shows 22.68% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 118.71% and total cumulative return in cash records $169,171. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,311/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.25 Acres 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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