1045 Palace StAuroraIL60506
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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 Aurora at 1045 Palace St, Aurora, IL, 60506 uses $104,754 cash to close to unlock $4,078/yr annual cash flow and $340/mo monthly cash flow. Total monthly income runs $2,532/mo, and a $1,547/mo payment keeps the spread at $340/mo. Purchase price stands at $316,000, and rental yield measures 9.62% with $2,532/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $87,305 over five years. Five-year ROI reaches 124.7% and total cumulative return in cash records $130,627. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,532/mo property income covering a $1,547/mo payment rather than investor’s personal income.
Single Family
Built in 1954
5,706 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60506, Aurora, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,726 (100%) |
| Owner Occupied HU | 11,993 (64.0%) |
| Renter Occupied HU | 6,084 (32.5%) |
| Vacant Housing Units | 649 ( 3.5%) |
| Median Home Value | $265,415 |
| Average Home Value | $301,071 |
Housing Distribution
Address Breakdown
Residential
18,064
Single Family
15,377
Multi-Family
2,687
Businesses
1,220
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