736 Morningside DrLake ForestIL60045
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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 Lake Forest at 736 Morningside Dr, Lake Forest, IL, 60045 priced at $1,475,000 converts $5,460/mo rent into after a $7,219/mo obligation. Total monthly income equals $5,460/mo. Return on cash invested prints 8.39% in year one, and rental yield reads 4.44% against a $1,475,000 entry. Equity gained on principal adds $9,518/yr, while 5% annual appreciation compiles into $407,515 by year five. Five-year ROI reaches 41.98% and total cumulative return in cash sums $200,638. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,460/mo property income covering a $7,219/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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Listed by: Ann Lyon • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12503082