650 Winnetka Mews APT 310WinnetkaIL60093
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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 Winnetka at 650 Winnetka Mews APT 310, Winnetka, IL, 60093 generates $2,848/mo in rent, after a $2,393/mo payment. Total monthly income is $2,848/mo. Return on cash invested sits at 15.89% in year one, and rental yield is 6.99% on a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation builds toward $135,102 over five years. Five-year ROI reaches 82.26% and total cumulative return in cash sums $133,342. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,848/mo property income rather than buyer’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60093, Winnetka, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,467 (100%) |
| Owner Occupied HU | 6,087 (81.5%) |
| Renter Occupied HU | 830 (11.1%) |
| Vacant Housing Units | 550 ( 7.4%) |
| Median Home Value | $1,040,224 |
| Average Home Value | $1,169,454 |
Housing Distribution
Address Breakdown
Residential
7,434
Single Family
6,177
Multi-Family
1,257
Businesses
1,223
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