3148 Concord LnWadsworthIL60083
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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 Wadsworth at 3148 Concord Ln, Wadsworth, IL, 60083 generates $3,222/mo in rent, after a $2,374/mo payment. Total monthly income is $3,222/mo. Return on cash invested sits at 18.85% in year one, and rental yield is 7.97% on a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 98.12% and total cumulative return in cash sums $157,754. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,222/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
6,599 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60083, Wadsworth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,658 (100%) |
| Owner Occupied HU | 3,079 (84.2%) |
| Renter Occupied HU | 434 (11.9%) |
| Vacant Housing Units | 145 ( 4.0%) |
| Median Home Value | $333,315 |
| Average Home Value | $382,460 |
Housing Distribution
Address Breakdown
Residential
3,583
Single Family
3,583
Multi-Family
0
Businesses
145
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