869 N McKinley RdLake 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 869 N McKinley Rd, Lake Forest, IL, 60045 priced at $600,000 converts $4,063/mo rent into after a $2,937/mo obligation. Total monthly income equals $4,063/mo. Return on cash invested prints 19.46% in year one, and rental yield reads 8.13% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 101.37% and total cumulative return in cash sums $200,100. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,063/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Multi Family
Built in 1910
3,750 sqft 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: Scott Newman • Keller Williams ONEChicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12475680