9 The Court Of Lagoon VwNorthbrookIL60062
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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 Northbrook at 9 The Court Of Lagoon Vw, Northbrook, IL, 60062 offers $4,800/mo rent that, after a $3,299/mo payment, leaves $125/mo cash flow. Total monthly income is $4,800/mo, and annual cash flow is $1,499/yr on $221,746 cash. Return on cash invested measures 20.74% in year one, and rental yield stands at 8.55% at a $674,000 entry. Equity gained on principal adds $4,349/yr while 5% annual appreciation compounds into $186,214 by year five. Five-year ROI records 108.23% and total cumulative return in cash reaches $239,989. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,800/mo property income versus a $3,299/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
5,096 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
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Listed by: Leslie McDonnell • RE/MAX Suburban
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12524242