7620 Howe RdWonder LakeIL60097
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
Total monthly income runs $2,400/mo, and a $2,193/mo payment. Purchase price stands at $448,000, and rental yield measures 6.43% with $2,400/mo rent. Return on cash invested shows 14.19% in year one, and 5% annual appreciation builds toward $123,774 over five years. Five-year ROI reaches 73.18% and total cumulative return in cash records $108,674. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $2,193/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60097, Wonder Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,299 (100%) |
| Owner Occupied HU | 4,168 (78.7%) |
| Renter Occupied HU | 729 (13.8%) |
| Vacant Housing Units | 402 ( 7.6%) |
| Median Home Value | $300,818 |
| Average Home Value | $322,895 |
Housing Distribution
Address Breakdown
Residential
4,767
Single Family
4,767
Multi-Family
0
Businesses
118
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maureen Forgette, ABR,AHWD,CRS,e-PRO,PMN,PSA,SRES • Century 21 Integra
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12443748