214 Garnett AveWinthrop HarborIL60096
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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 Winthrop Harbor at 214 Garnett Ave, Winthrop Harbor, IL, 60096 earns $448/mo cash flow from $2,876/mo rent with a $1,713/mo payment. Total monthly income totals $2,876/mo, and annual cash flow totals $5,381/yr on $116,025 capital. ROI tracks 24.55% on current figures, and rental yield reads 9.86% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 128.72% and total cumulative return in cash sums $149,342. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,876/mo property income instead of your personal income.
Single Family
Built in 2018
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60096, Winthrop Harbor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,160 (76.9%) |
| Renter Occupied HU | 541 (19.3%) |
| Vacant Housing Units | 109 ( 3.9%) |
| Median Home Value | $271,341 |
| Average Home Value | $293,688 |
Housing Distribution
Address Breakdown
Residential
2,662
Single Family
2,599
Multi-Family
63
Businesses
113
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Listed by: Chris Varsek • Real Broker, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12550466