170 Fossil Cove Ln, Wilmington, IL, 60481 | $828/mo Cash Flow

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170 Fossil Cove Ln, Wilmington, IL, 60481 | $828/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Wilmington at 170 Fossil Cove Ln, Wilmington, IL, 60481 priced at $275,000 converts $2,735/mo rent into $828/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,735/mo, and annual cash flow totals $9,930/yr on $91,163 invested. Return on cash invested prints 30.8% in year one, and rental yield reads 11.93% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 162.25% and total cumulative return in cash sums $147,911. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,735/mo property income covering a $1,346/mo payment, not borrower’s personal income.

Single Family

Built in 1995

4,784 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss your chance at a little slice of paradise in highly sought after Shadow Lakes! This Waterfront home features 3 bedrooms, 2 baths an open floor plan with a cozy fireplace and a huge newly stained back deck overlooking the water. Large family room includes pool table and bar. Some recent improvements include Dock (2022), Complete Roof Tear Off (2020), Lower Windows (2021), Ejector Pump (2022), Hot Water Heater (2022), Sump Pump w/ Battery Back-Up (2018), Lighting Fixtures and Fans (2023), All Major Appliances (2023), Deck Stained (2024). 14ft V-Bottom boat also included! Stocked lakes, beach, pool, club house, pavilion, park, volleyball court, trails and much more! Schedule your showing today!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 60481, Wilmington, IL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,847 (100%)
Owner Occupied HU	3,940 (67.4%)
Renter Occupied HU	1,080 (18.5%)
Vacant Housing Units	827 (14.1%)
Median Home Value	$330,893
Average Home Value	$359,001