1378 Colonial SqWheatonIL60189
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 1378 Colonial Sq, Wheaton, IL, 60189 in Wheaton is listed at $650,000 and delivers $5,230/mo in rent and $721/mo in net monthly cash flow. The 9.65% yield and 1.79 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $179,583 over five years, and $5,987/yr in principal reduction supplements cash return. Total projected cumulative return: $295,007.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.5% |
| Monthly Cash Flow | $721 | $300 |
City averages based on Wheaton market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $5,230 |
| Total Monthly Debt Service | $4,250 |
| DSCR Ratio | 1.23x |
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.
Single Family
Built in 1980
0.29 Acres 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
Single Family
Built in 1980
0.29 Acres 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