798 Cherry StWinnetkaIL60093
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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 798 Cherry St, Winnetka, IL, 60093 offers $3,394/mo rent that, after a $8,316/mo payment. Total monthly income is $3,394/mo. Return on cash invested measures 2.08% in year one, and rental yield stands at 2.4% at a $1,699,100 entry. Equity gained on principal adds $10,964/yr while 5% annual appreciation compounds into $469,430 by year five. Five-year ROI records 8.13% and total cumulative return in cash reaches $44,761. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,394/mo property income versus a $8,316/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
6,250 sqft 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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