1014 Lakeland Ct #2AWheelingIL60090
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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 Wheeling at 1014 Lakeland Ct #2A, Wheeling, IL, 60090 uses $82,842 cash to close to unlock $717/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $1,223/mo payment keeps the spread at $60/mo. Purchase price stands at $249,900, and rental yield measures 8.61% with $1,793/mo rent. Return on cash invested shows 20.77% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 108.48% and total cumulative return in cash records $89,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60090, Wheeling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,164 (100%) |
| Owner Occupied HU | 9,174 (56.8%) |
| Renter Occupied HU | 6,001 (37.1%) |
| Vacant Housing Units | 989 ( 6.1%) |
| Median Home Value | $302,424 |
| Average Home Value | $327,697 |
Housing Distribution
Address Breakdown
Residential
15,729
Single Family
8,063
Multi-Family
7,666
Businesses
1,380
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