977 Harris Rd UNIT 34GrayslakeIL60030
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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 Grayslake at 977 Harris Rd UNIT 34, Grayslake, IL, 60030 uses $89,174 cash to close to unlock $1,149/yr annual cash flow and $96/mo monthly cash flow. Total monthly income runs $1,962/mo, and a $1,317/mo payment keeps the spread at $96/mo. Purchase price stands at $269,000, and rental yield measures 8.75% with $1,962/mo rent. Return on cash invested shows 21.2% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 110.74% and total cumulative return in cash records $98,747. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,962/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60030, Grayslake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,398 (100%) |
| Owner Occupied HU | 11,843 (76.9%) |
| Renter Occupied HU | 2,812 (18.3%) |
| Vacant Housing Units | 743 ( 4.8%) |
| Median Home Value | $307,844 |
| Average Home Value | $333,010 |
Housing Distribution
Address Breakdown
Residential
14,908
Single Family
13,384
Multi-Family
1,524
Businesses
993
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