21244 W Highway 113WilmingtonIL60481
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 21244 W Highway 113, Wilmington, IL, 60481 in Wilmington is a conservative rental investment at $239,000. Rental yield 7.53%. A 1.32 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $66,031; $2,004/yr in principal paydown supplements. Total projected return: $76,800.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 7.0% |
| Monthly Cash Flow | $(158) | $150 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,500 |
| Total Monthly Debt Service | $1,621 |
| DSCR Ratio | 0.93x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eva Cuper, ABR,CIPS • EHomes Realty, Ltd
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12731829
