716 E Baltimore StWilmingtonIL60481
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeCapital preservation and steady income define 716 E Baltimore St, Wilmington, IL, 60481 in Wilmington. Rental yield 8.31%. The 1.46 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $63,407 and $1,924/yr in principal reduction project total return of $83,296.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 7.0% |
| Monthly Cash Flow | $(3) | $150 |
City averages based on Wilmington market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,589 |
| Total Monthly Debt Service | $1,557 |
| DSCR Ratio | 1.02x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
9,768 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60481, Wilmington, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,847 (100%) |
| Owner Occupied HU | 3,940 (67.4%) |
| Renter Occupied HU | 1,080 (18.5%) |
| Vacant Housing Units | 827 (14.1%) |
| Median Home Value | $330,893 |
| Average Home Value | $359,001 |
Housing Distribution
Address Breakdown
Residential
5,124
Single Family
4,953
Multi-Family
171
Businesses
329
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Christopher Shell • Pro Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12451127
