850 S Lorraine Rd APT 2MWheatonIL60189
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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
Investment property for sale in Wheaton at 850 S Lorraine Rd APT 2M, Wheaton, IL, 60189 offers a 8.63% rental yield on a $215,000 purchase with $1,546/mo rent. Total monthly income registers $1,546/mo, and a $1,052/mo payment leaves $55/mo available for distribution. Annual cash flow reaches $660/yr on $71,273 to close, and return on cash invested stands at 20.84% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 108.85% and total cumulative return in cash at $77,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,546/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60189, Wheaton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,250 (100%) |
| Owner Occupied HU | 9,358 (76.4%) |
| Renter Occupied HU | 2,466 (20.1%) |
| Vacant Housing Units | 426 ( 3.5%) |
| Median Home Value | $498,105 |
| Average Home Value | $538,070 |
Housing Distribution
Address Breakdown
Residential
12,210
Single Family
9,475
Multi-Family
2,735
Businesses
500
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