271 Fossil Bay CtWilmingtonIL60481
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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 Wilmington at 271 Fossil Bay Ct, Wilmington, IL, 60481 with 5% annual appreciation on a $280,000 basis while $2,640/mo rent supports operations. Total monthly income totals $2,640/mo and a $1,370/mo payment preserves $698/mo for cash returns. Annual cash flow comes to $8,380/yr on $92,820 deployed, and return on cash invested reaches 28.94% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 11.31%. Five-year ROI measures 152.25% and total cumulative return in cash totals $141,321.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,640/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
6,098 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: Gina Ratliff • Village Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12538766