Katherine Plan, Prairie Ridge EstatesNew LenoxIL60451
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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 New Lenox at Katherine Plan, Prairie Ridge Estates, New Lenox, IL, 60451 offers $6,322/mo rent that, after a $3,377/mo payment, leaves $1,494/mo cash flow. Total monthly income is $6,322/mo, and annual cash flow is $17,931/yr on $227,007 cash. Return on cash invested measures 27.96% in year one, and rental yield stands at 10.99% at a $689,990 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,632 by year five. Five-year ROI records 147.05% and total cumulative return in cash reaches $333,821. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,322/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$42 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60451, New Lenox, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,629 (100%) |
| Owner Occupied HU | 12,081 (88.6%) |
| Renter Occupied HU | 1,087 ( 8.0%) |
| Vacant Housing Units | 461 ( 3.4%) |
| Median Home Value | $392,998 |
| Average Home Value | $431,186 |
Housing Distribution
Address Breakdown
Residential
13,287
Single Family
12,847
Multi-Family
440
Businesses
1,182
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