312 E Lincoln AveWheatonIL60187
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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
Rental property for sale in Wheaton at 312 E Lincoln Ave, Wheaton, IL, 60187 priced at $775,000 converts $4,788/mo rent into after a $3,793/mo obligation. Total monthly income equals $4,788/mo. Return on cash invested prints 17.3% in year one, and rental yield reads 7.41% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 89.79% and total cumulative return in cash sums $228,931. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,788/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 1918
7,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60187, Wheaton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,700 (100%) |
| Owner Occupied HU | 7,428 (69.4%) |
| Renter Occupied HU | 2,688 (25.1%) |
| Vacant Housing Units | 584 ( 5.5%) |
| Median Home Value | $495,734 |
| Average Home Value | $540,377 |
Housing Distribution
Address Breakdown
Residential
10,754
Single Family
7,811
Multi-Family
2,943
Businesses
1,523
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