720 Ouilmette LnWilmetteIL60091
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 720 Ouilmette Ln, Wilmette, IL, 60091 in Wilmette. Rental yield 5.62%. At $1,025,000 with 5.62% gross yield, current distributions are modest, but the 5% appreciation rate projects $283,189 in new equity by year five, complemented by $9,440/yr in principal paydown. Ziffy Mortgage's DSCR loan (1.04) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $243,403.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.5% |
| Monthly Cash Flow | $(2,310) | $1,200 |
City averages based on Wilmette market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,800 |
| Total Monthly Debt Service | $6,702 |
| DSCR Ratio | 0.72x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60091, Wilmette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,598 (100%) |
| Owner Occupied HU | 8,510 (80.3%) |
| Renter Occupied HU | 1,468 (13.9%) |
| Vacant Housing Units | 620 ( 5.9%) |
| Median Home Value | $768,626 |
| Average Home Value | $890,982 |
Housing Distribution
Address Breakdown
Residential
10,487
Single Family
8,715
Multi-Family
1,772
Businesses
835
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
Single Family
Built in 1950
6,721 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60091, Wilmette, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,598 (100%) |
| Owner Occupied HU | 8,510 (80.3%) |
| Renter Occupied HU | 1,468 (13.9%) |
| Vacant Housing Units | 620 ( 5.9%) |
| Median Home Value | $768,626 |
| Average Home Value | $890,982 |
Housing Distribution
Address Breakdown
Residential
10,487
Single Family
8,715
Multi-Family
1,772
Businesses
835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices