274 Prairie View LnWheelingIL60090
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
Investment Highlights
Rental property for sale in Wheeling at 274 Prairie View Ln, Wheeling, IL, 60090 priced at $409,000 converts $2,888/mo rent into $51/mo cash flow after a $2,002/mo obligation. Total monthly income equals $2,888/mo, and annual cash flow totals $611/yr on $135,584 invested. Return on cash invested prints 20.36% in year one, and rental yield reads 8.47% against a $409,000 entry. Equity gained on principal adds $2,639/yr, while 5% annual appreciation compiles into $112,999 by year five. Five-year ROI reaches 106.23% and total cumulative return in cash sums $144,033. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,888/mo property income covering a $2,002/mo payment, not borrower’s personal income.
Townhouse
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60090, Wheeling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,164 (100%) |
| Owner Occupied HU | 9,174 (56.8%) |
| Renter Occupied HU | 6,001 (37.1%) |
| Vacant Housing Units | 989 ( 6.1%) |
| Median Home Value | $302,424 |
| Average Home Value | $327,697 |
Housing Distribution
Address Breakdown
Residential
15,729
Single Family
8,063
Multi-Family
7,666
Businesses
1,380
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices