919 Charles AveWinthrop HarborIL60096
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow919 Charles Ave, Winthrop Harbor, IL, 60096 in Winthrop Harbor is a top-tier cash-flow asset. At $313,200 it produces $2,760/mo in rent and $588/mo in net monthly income, a 10.57% gross rental yield. The DSCR of 1.96 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $7,051. Five-year appreciation adds $86,531, driving a total cumulative return of $157,639.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.5% |
| Monthly Cash Flow | $588 | $400 |
City averages based on Winthrop Harbor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $2,048 |
| DSCR Ratio | 1.35x |
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.
Single Family
Built in 1960
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60096, Winthrop Harbor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,160 (76.9%) |
| Renter Occupied HU | 541 (19.3%) |
| Vacant Housing Units | 109 ( 3.9%) |
| Median Home Value | $271,341 |
| Average Home Value | $293,688 |
Housing Distribution
Address Breakdown
Residential
2,662
Single Family
2,599
Multi-Family
63
Businesses
113
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
Single Family
Built in 1960
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60096, Winthrop Harbor, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,810 (100%) |
| Owner Occupied HU | 2,160 (76.9%) |
| Renter Occupied HU | 541 (19.3%) |
| Vacant Housing Units | 109 ( 3.9%) |
| Median Home Value | $271,341 |
| Average Home Value | $293,688 |
Housing Distribution
Address Breakdown
Residential
2,662
Single Family
2,599
Multi-Family
63
Businesses
113
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Battisfore • Cornerstone Realty Group, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12438406