20340 W Route 113WilmingtonIL60481
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 Wilmington at 20340 W Route 113, Wilmington, IL, 60481 generates $1,417/mo in rent and, after a $918/mo payment, leaves $116/mo in cash flow. Total monthly income is $1,417/mo, and annual cash flow is $1,395/yr on $62,148 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 9.07% on a $187,475 entry. Equity gained on principal adds $1,210/yr, while 5% annual appreciation builds toward $51,796 over five years. Five-year ROI reaches 115.93% and total cumulative return in cash sums $72,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,417/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
N/A 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: Jerrick Longest • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12500624