8819 N Wisner StNilesIL60714
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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 Niles at 8819 N Wisner St, Niles, IL, 60714 generates $7,200/mo in rent and, after a $3,549/mo payment, leaves $2,171/mo in cash flow. Total monthly income is $7,200/mo, and annual cash flow is $26,049/yr on $238,525 invested. Return on cash invested sits at 30.98% in year one, and rental yield is 11.92% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 163.17% and total cumulative return in cash sums $389,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,200/mo property income rather than buyer’s personal income.
Multi Family
Built in 1961
6,250 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60714, Niles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,300 (100%) |
| Owner Occupied HU | 9,267 (69.7%) |
| Renter Occupied HU | 3,267 (24.6%) |
| Vacant Housing Units | 766 ( 5.8%) |
| Median Home Value | $355,617 |
| Average Home Value | $390,652 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
8,229
Multi-Family
3,909
Businesses
1,257
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