741 Colby CtGurneeIL60031
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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 Gurnee at 741 Colby Ct, Gurnee, IL, 60031 priced at $215,000 pairs $1,525/mo rent with $34/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,525/mo, and annual cash flow comes to $408/yr on $71,273 invested. Return on cash invested is 20.48% in year one, and rental yield stands at 8.51% on a $215,000 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,401 by year five. Five-year ROI measures 106.97% and total cumulative return in cash reaches $76,237. For financing, Ziffy Mortgage’s DSCR program evaluates $1,525/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60031, Gurnee, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,307 (100%) |
| Owner Occupied HU | 10,861 (71.0%) |
| Renter Occupied HU | 3,855 (25.2%) |
| Vacant Housing Units | 591 ( 3.9%) |
| Median Home Value | $350,989 |
| Average Home Value | $386,950 |
Housing Distribution
Address Breakdown
Residential
14,965
Single Family
12,177
Multi-Family
2,788
Businesses
1,594
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