2840 Cattail Ct UNIT CWaucondaIL60084
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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 Wauconda at 2840 Cattail Ct UNIT C, Wauconda, IL, 60084 offers $3,306/mo rent that, after a $1,708/mo payment, leaves $885/mo cash flow. Total monthly income is $3,306/mo, and annual cash flow is $10,625/yr on $115,694 cash. Return on cash invested measures 29.09% in year one, and rental yield stands at 11.37% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 153.08% and total cumulative return in cash reaches $177,108. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,306/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60084, Wauconda, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,841 (100%) |
| Owner Occupied HU | 5,149 (75.3%) |
| Renter Occupied HU | 1,355 (19.8%) |
| Vacant Housing Units | 337 ( 4.9%) |
| Median Home Value | $320,815 |
| Average Home Value | $347,821 |
Housing Distribution
Address Breakdown
Residential
6,689
Single Family
6,118
Multi-Family
571
Businesses
686
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