194 Fossil Cove LnWilmingtonIL60481
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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 Wilmington at 194 Fossil Cove Ln, Wilmington, IL, 60481 priced at $210,000 pairs $1,500/mo rent with $43/mo cash flow after a $1,028/mo payment. Total monthly income equals $1,500/mo, and annual cash flow comes to $519/yr on $69,615 invested. Return on cash invested is 20.65% in year one, and rental yield stands at 8.57% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 107.86% and total cumulative return in cash reaches $75,088. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
4,791 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,124
Single Family
4,953
Multi-Family
171
Businesses
329
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Listed by: Diane Martin • Hexagon Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523233