8316 Howe RdWonder LakeIL60097
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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 Wonder Lake at 8316 Howe Rd, Wonder Lake, IL, 60097 generates $1,486/mo in rent, after a $1,062/mo payment. Total monthly income is $1,486/mo. Return on cash invested sits at 19.59% in year one, and rental yield is 8.22% on a $217,000 entry. Equity gained on principal adds $1,400/yr, while 5% annual appreciation builds toward $59,953 over five years. Five-year ROI reaches 102.12% and total cumulative return in cash sums $73,457. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,486/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.31 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
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Listed by: Amanda Wegner • Berkshire Hathaway HomeServices Starck Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12412819