721 Morris CtLakemoorIL60051
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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 Lakemoor at 721 Morris Ct, Lakemoor, IL, 60051 generates $2,010/mo in rent, after a $1,224/mo payment. Total monthly income is $2,010/mo. Return on cash invested sits at 19.14% in year one, and rental yield is 9.65% on a $249,990 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,068 over five years. Five-year ROI reaches 101.5% and total cumulative return in cash sums $84,115. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,010/mo property income rather than buyer’s personal income.
Townhouse
Built in 2000
1,936 sqft lot
$N/A/sqft
$275 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60051, Mchenry, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,090 (100%) |
| Owner Occupied HU | 8,357 (75.4%) |
| Renter Occupied HU | 2,004 (18.1%) |
| Vacant Housing Units | 729 ( 6.6%) |
| Median Home Value | $334,347 |
| Average Home Value | $354,514 |
Housing Distribution
Address Breakdown
Residential
10,471
Single Family
9,701
Multi-Family
770
Businesses
760
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Nearby investment properties with comparable prices
Listed by: Ivette Anderson • Keller Williams Success Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12282267
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)