511 Prestwick Ln UNIT 402WheelingIL60090
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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 Wheeling at 511 Prestwick Ln UNIT 402, Wheeling, IL, 60090 generates $2,754/mo in rent and, after a $1,713/mo payment, leaves $327/mo in cash flow. Total monthly income is $2,754/mo, and annual cash flow is $3,919/yr on $115,992 invested. Return on cash invested sits at 23.29% in year one, and rental yield is 9.44% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 121.94% and total cumulative return in cash sums $141,438. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,754/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60090, Wheeling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,164 (100%) |
| Owner Occupied HU | 9,174 (56.8%) |
| Renter Occupied HU | 6,001 (37.1%) |
| Vacant Housing Units | 989 ( 6.1%) |
| Median Home Value | $302,424 |
| Average Home Value | $327,697 |
Housing Distribution
Address Breakdown
Residential
15,729
Single Family
8,063
Multi-Family
7,666
Businesses
1,380
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