1503 Edgewood LnWinnetkaIL60093
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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 Winnetka at 1503 Edgewood Ln, Winnetka, IL, 60093 listed at $1,789,000 pairs $28,950/mo rent with a $8,756/mo payment to leave $16,541/mo cash flow. Total monthly income runs $28,950/mo, and annual cash flow reaches $198,497/yr on $579,636 cash to close. Return on cash invested measures 54.62% in year one, and rental yield registers 19.42% at a $1,789,000 basis. Equity gained on principal adds $11,544/yr, and annual property appreciation at 5% supports $494,268 by year five. Five-year ROI tracks 289.86% and total cumulative return in cash totals $1,680,110. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $28,950/mo property income relative to a $8,756/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1927
8,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60093, Winnetka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,467 (100%) |
| Owner Occupied HU | 6,087 (81.5%) |
| Renter Occupied HU | 830 (11.1%) |
| Vacant Housing Units | 550 ( 7.4%) |
| Median Home Value | $1,040,224 |
| Average Home Value | $1,169,454 |
Housing Distribution
Address Breakdown
Residential
7,434
Single Family
6,177
Multi-Family
1,257
Businesses
1,223
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