863 Vernon AveGlencoeIL60022
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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 Glencoe at 863 Vernon Ave, Glencoe, IL, 60022 generates $3,779/mo in rent, after a $5,335/mo payment. Total monthly income is $3,779/mo. Return on cash invested sits at 7.52% in year one, and rental yield is 4.16% on a $1,090,000 entry. Equity gained on principal adds $7,034/yr, while 5% annual appreciation builds toward $301,147 over five years. Five-year ROI reaches 37.32% and total cumulative return in cash sums $131,784. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,779/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60022, Glencoe, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,025 (100%) |
| Owner Occupied HU | 2,637 (87.2%) |
| Renter Occupied HU | 217 ( 7.2%) |
| Vacant Housing Units | 171 ( 5.7%) |
| Median Home Value | $1,145,833 |
| Average Home Value | $1,262,146 |
Housing Distribution
Address Breakdown
Residential
2,999
Single Family
2,843
Multi-Family
156
Businesses
262
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