706 E Burnett RdIsland LakeIL60042
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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 Island Lake at 706 E Burnett Rd, Island Lake, IL, 60042 offers $3,564/mo rent that, after a $2,932/mo payment. Total monthly income is $3,564/mo. Return on cash invested measures 16.46% in year one, and rental yield stands at 7.14% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 85.33% and total cumulative return in cash reaches $168,166. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,564/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
8 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60042, Island Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,413 (100%) |
| Owner Occupied HU | 2,735 (80.1%) |
| Renter Occupied HU | 531 (15.6%) |
| Vacant Housing Units | 147 ( 4.3%) |
| Median Home Value | $289,221 |
| Average Home Value | $343,294 |
Housing Distribution
Address Breakdown
Residential
3,352
Single Family
3,352
Multi-Family
0
Businesses
172
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Nearby investment properties with comparable prices
Listed by: Bruce Kaplan • Premier Commercial Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12425516