8819 N Wisner StNilesIL60714
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 8819 N Wisner St, Niles, IL, 60714 in Niles hard to pass up. The 11.92% gross yield on a $725,000 purchase results in $7,200/mo in rent and $2,171/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.21). Annual cash flow of $26,055, five-year appreciation of $200,304, and $6,677/yr in equity build-up combine for a projected total cumulative return of $416,991.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 7.0% |
| Monthly Cash Flow | $2,171 | $300 |
City averages based on Niles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,200 |
| Total Monthly Debt Service | $4,740 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices