934 N Norman LnWheelingIL60090
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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 Wheeling at 934 N Norman Ln, Wheeling, IL, 60090 uses $119,340 cash to close to unlock $10,188/yr annual cash flow and $849/mo monthly cash flow. Total monthly income runs $3,346/mo, and a $1,762/mo payment keeps the spread at $849/mo. Purchase price stands at $360,000, and rental yield measures 11.15% with $3,346/mo rent. Return on cash invested shows 28.45% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 149.59% and total cumulative return in cash records $178,521. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,346/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in 1957
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60090, Wheeling, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,164 (100%) |
| Owner Occupied HU | 9,174 (56.8%) |
| Renter Occupied HU | 6,001 (37.1%) |
| Vacant Housing Units | 989 ( 6.1%) |
| Median Home Value | $302,424 |
| Average Home Value | $327,697 |
Housing Distribution
Address Breakdown
Residential
15,729
Single Family
8,063
Multi-Family
7,666
Businesses
1,380
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