864 Lansing Ct #864Vernon HillsIL60061
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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
Investment property for sale in Vernon Hills at 864 Lansing Ct #864, Vernon Hills, IL, 60061 listed at $369,000 pairs $3,616/mo rent with a $1,806/mo payment to leave $1,057/mo cash flow. Total monthly income runs $3,616/mo, and annual cash flow reaches $12,679/yr on $122,324 cash to close. Return on cash invested measures 30.27% in year one, and rental yield registers 11.76% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 159.42% and total cumulative return in cash totals $195,003. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,616/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60061, Vernon Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,220 (100%) |
| Owner Occupied HU | 7,137 (63.6%) |
| Renter Occupied HU | 3,560 (31.7%) |
| Vacant Housing Units | 523 ( 4.7%) |
| Median Home Value | $404,450 |
| Average Home Value | $451,312 |
Housing Distribution
Address Breakdown
Residential
11,337
Single Family
7,825
Multi-Family
3,512
Businesses
887
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Listed by: Johnson Maliekkal, ABR • RE/MAX SAWA
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12534424