2805 E 300 North RdWellingtonIL60973
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 2805 E 300 North Rd, Wellington, IL, 60973 in Wellington worth modelling. At $142,500 with a 9.3% gross yield, the $1,104/mo rent leaves $116/mo after the $641/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.72 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $39,370 by year five; $1,312/yr in principal reduction adds further equity. Total projected return: $61,985.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.0% |
| Monthly Cash Flow | $116 | $400 |
City averages based on Wellington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,104 |
| Total Monthly Debt Service | $932 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60973, Wellington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 176 (100%) |
| Owner Occupied HU | 140 (79.5%) |
| Renter Occupied HU | 20 (11.4%) |
| Vacant Housing Units | 16 ( 9.1%) |
| Median Home Value | $236,957 |
| Average Home Value | $217,518 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
7
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
Single Family
Built in 1957
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60973, Wellington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 176 (100%) |
| Owner Occupied HU | 140 (79.5%) |
| Renter Occupied HU | 20 (11.4%) |
| Vacant Housing Units | 16 ( 9.1%) |
| Median Home Value | $236,957 |
| Average Home Value | $217,518 |
Housing Distribution
Address Breakdown
Residential
66
Single Family
66
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hayley Siefert • Keller Williams Realty - Danville
Mls Name: CIBR
Mls Provider:
Mls ID: #6247655
Disclaimer: Copyright Central Illinois Board of REALTORS (CIBR). All rights reserved. Information is deemed reliable but not guaranteed.