3109 11th StWinthrop HarborIL60096
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 Winthrop Harbor at 3109 11th St, Winthrop Harbor, IL, 60096 generates $1,834/mo in rent, after a $1,297/mo payment. Total monthly income is $1,834/mo. Return on cash invested sits at 19.85% in year one, and rental yield is 8.3% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 103.52% and total cumulative return in cash sums $90,939. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,834/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
1.55 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Thomas Hood • Riverside Management
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12503051