1414 Sheridan RdWinthrop HarborIL60096
Nearby investment properties with comparable rents
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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
Rental property for sale in Winthrop Harbor at 1414 Sheridan Rd, Winthrop Harbor, IL, 60096 generates $1,529/mo in rent and, after a $1,076/mo payment, leaves $4/mo in cash flow. Total monthly income is $1,529/mo, and annual cash flow is $48/yr on $72,897 invested. Return on cash invested sits at 19.98% in year one, and rental yield is 8.34% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 104.26% and total cumulative return in cash sums $76,000. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,529/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.69 Acres 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: Lori Mattice • RE/MAX Plaza
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12502949