985 W DeerpathLake 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 985 W Deerpath, Lake Forest, IL, 60045 generates $5,198/mo in rent and, after a $3,426/mo payment, leaves $343/mo in cash flow. Total monthly income is $5,198/mo, and annual cash flow is $4,114/yr on $230,300 invested. Return on cash invested sits at 21.85% in year one, and rental yield is 8.91% on a $699,999 entry. Equity gained on principal adds $4,517/yr, while 5% annual appreciation builds toward $193,397 over five years. Five-year ROI reaches 114.18% and total cumulative return in cash sums $262,959. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,198/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.42 Acres 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: Laura Henderson • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12430978