5808 Wolf Rd UNIT 3Western SpringsIL60558
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
Investment Highlights
Investment property for sale in Western Springs at 5808 Wolf Rd UNIT 3, Western Springs, IL, 60558 offers a 8.58% rental yield on a $320,000 purchase with $2,288/mo rent. Total monthly income registers $2,288/mo, and a $1,566/mo payment leaves $69/mo available for distribution. Annual cash flow reaches $824/yr on $106,080 to close, and return on cash invested stands at 20.69% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 108% and total cumulative return in cash at $114,567. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,288/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60558, Western Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,731 (100%) |
| Owner Occupied HU | 4,286 (90.6%) |
| Renter Occupied HU | 235 ( 5.0%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $661,304 |
| Average Home Value | $755,342 |
Housing Distribution
Address Breakdown
Residential
4,697
Single Family
4,601
Multi-Family
96
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nina Jovicic • KOMAR
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12486261