1206 Landon AveWinthrop HarborIL60096
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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 Winthrop Harbor at 1206 Landon Ave, Winthrop Harbor, IL, 60096 with 5% annual appreciation on a $199,999 basis while $1,527/mo rent supports operations. Total monthly income totals $1,527/mo and a $979/mo payment preserves $140/mo for cash returns. Annual cash flow comes to $1,676/yr on $66,300 deployed, and return on cash invested reaches 22.44% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 9.16%. Five-year ROI measures 117.39% and total cumulative return in cash totals $77,828.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,527/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1952
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60096, Winthrop Harbor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,160 (76.9%) |
| Renter Occupied HU | 541 (19.3%) |
| Vacant Housing Units | 109 ( 3.9%) |
| Median Home Value | $271,341 |
| Average Home Value | $293,688 |
Housing Distribution
Address Breakdown
Residential
2,662
Single Family
2,599
Multi-Family
63
Businesses
113
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Listed by: Tamara Hernandez • RE/MAX Home Sweet Home
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12500202