823 Balmoral LnNorthbrookIL60062
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play823 Balmoral Ln, Northbrook, IL, 60062 in Northbrook is priced for appreciation, not yield. Rental yield 4.9%. At $1,395,000 with a 4.9% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $385,413 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.91) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $277,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.9% | 7.2% |
| Monthly Cash Flow | $(3,977) | $1,200 |
City averages based on Northbrook market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,699 |
| Total Monthly Debt Service | $9,121 |
| DSCR Ratio | 0.62x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60062, Northbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,143 (100%) |
| Owner Occupied HU | 13,725 (75.6%) |
| Renter Occupied HU | 3,072 (16.9%) |
| Vacant Housing Units | 1,346 ( 7.4%) |
| Median Home Value | $602,714 |
| Average Home Value | $674,682 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
12,879
Multi-Family
4,777
Businesses
2,233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2000
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60062, Northbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,143 (100%) |
| Owner Occupied HU | 13,725 (75.6%) |
| Renter Occupied HU | 3,072 (16.9%) |
| Vacant Housing Units | 1,346 ( 7.4%) |
| Median Home Value | $602,714 |
| Average Home Value | $674,682 |
Housing Distribution
Address Breakdown
Residential
17,656
Single Family
12,879
Multi-Family
4,777
Businesses
2,233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Romanek-Holstein • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12411206