4584 Hogan Ln #4584WadsworthIL60083
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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
Investment property for sale in Wadsworth at 4584 Hogan Ln #4584, Wadsworth, IL, 60083 uses $91,163 cash to close to unlock $4,470/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,346/mo payment keeps the spread at $373/mo. Purchase price stands at $275,000, and rental yield measures 9.95% with $2,280/mo rent. Return on cash invested shows 24.81% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 130.13% and total cumulative return in cash records $118,631. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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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