1180 Mount Vernon Ct APT CWheatonIL60189
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Wheaton rental at 1180 Mount Vernon Ct APT C, Wheaton, IL, 60189 sits in the solid-income band: 10.85% gross yield, $2,473/mo rent, $256/mo net after the $1,230/mo debt service, DSCR 2.01. Entry price of $273,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $75,563 and $2,519/yr in principal reduction bring total cumulative return to $141,674.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 6.5% |
| Monthly Cash Flow | $256 | $300 |
City averages based on Wheaton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,473 |
| Total Monthly Debt Service | $1,788 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60189, Wheaton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 9,358 (76.4%) |
| Renter Occupied HU | 2,466 (20.1%) |
| Vacant Housing Units | 426 ( 3.5%) |
| Median Home Value | $498,105 |
| Average Home Value | $538,070 |
Housing Distribution
Address Breakdown
Residential
12,210
Single Family
9,475
Multi-Family
2,735
Businesses
500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60189, Wheaton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 9,358 (76.4%) |
| Renter Occupied HU | 2,466 (20.1%) |
| Vacant Housing Units | 426 ( 3.5%) |
| Median Home Value | $498,105 |
| Average Home Value | $538,070 |
Housing Distribution
Address Breakdown
Residential
12,210
Single Family
9,475
Multi-Family
2,735
Businesses
500
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices