435 Ridge Rd APT 102WilmetteIL60091
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 435 Ridge Rd APT 102, Wilmette, IL, 60091 in Wilmette speaks for itself: 14.57% gross on a $183,000 price, generating $2,221/mo in rent and $616/mo in net income after the $823/mo debt service. DSCR 2.70, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,391 stacks alongside $50,560 in projected five-year appreciation and $1,685/yr in principal reduction. Projected total cumulative return: $111,092.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.6% | 6.5% |
| Monthly Cash Flow | $616 | $1,200 |
City averages based on Wilmette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,221 |
| Total Monthly Debt Service | $1,533 |
| DSCR Ratio | 1.45x |
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.
Condo
Built in 1967
N/A lot
$N/A/sqft
$336 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60091, Wilmette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,598 (100%) |
| Owner Occupied HU | 8,510 (80.3%) |
| Renter Occupied HU | 1,468 (13.9%) |
| Vacant Housing Units | 620 ( 5.9%) |
| Median Home Value | $768,626 |
| Average Home Value | $890,982 |
Housing Distribution
Address Breakdown
Residential
10,487
Single Family
8,715
Multi-Family
1,772
Businesses
835
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
Condo
Built in 1967
N/A lot
$N/A/sqft
$336 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60091, Wilmette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,598 (100%) |
| Owner Occupied HU | 8,510 (80.3%) |
| Renter Occupied HU | 1,468 (13.9%) |
| Vacant Housing Units | 620 ( 5.9%) |
| Median Home Value | $768,626 |
| Average Home Value | $890,982 |
Housing Distribution
Address Breakdown
Residential
10,487
Single Family
8,715
Multi-Family
1,772
Businesses
835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices