1630 Sheridan Rd UNIT 2FWilmetteIL60091
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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 Wilmette at 1630 Sheridan Rd UNIT 2F, Wilmette, IL, 60091 offers a 9.08% rental yield on a $699,000 purchase with $5,287/mo rent. Total monthly income registers $5,287/mo, and a $3,421/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,266/yr on $229,971 to close, and return on cash invested stands at 22.35% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 116.89% and total cumulative return in cash at $268,802. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,287/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1964
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60091, Wilmette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,598 (100%) |
| Owner Occupied HU | 8,510 (80.3%) |
| Renter Occupied HU | 1,468 (13.9%) |
| Vacant Housing Units | 620 ( 5.9%) |
| Median Home Value | $768,626 |
| Average Home Value | $890,982 |
Housing Distribution
Address Breakdown
Residential
10,487
Single Family
8,715
Multi-Family
1,772
Businesses
835
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