1356 S Lorraine Rd APT EWheatonIL60189
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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 Wheaton at 1356 S Lorraine Rd APT E, Wheaton, IL, 60189 uses $79,560 cash to close to unlock $348/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $1,175/mo payment keeps the spread at $29/mo. Purchase price stands at $240,000, and rental yield measures 8.47% with $1,694/mo rent. Return on cash invested shows 20.35% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 106.16% and total cumulative return in cash records $84,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Condo
Built in 1989
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
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