1056 N Mill St APT 305NapervilleIL60563
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 1056 N Mill St APT 305, Naperville, IL, 60563 in Naperville delivers $2,470/mo in gross rent and $453/mo in net monthly income at a $213,950 entry. The 13.85% yield and 2.57 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $59,110 over five years and $1,971/yr in equity from loan paydown, total projected return is $113,336.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 5.1% |
| Monthly Cash Flow | $453 | $1,850 |
City averages based on Naperville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,470 |
| Total Monthly Debt Service | $1,932 |
| DSCR Ratio | 1.28x |
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.
Condo
Built in 1980
N/A lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60563, Naperville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,517 (100%) |
| Owner Occupied HU | 9,097 (51.9%) |
| Renter Occupied HU | 7,498 (42.8%) |
| Vacant Housing Units | 922 ( 5.3%) |
| Median Home Value | $454,249 |
| Average Home Value | $500,528 |
Housing Distribution
Address Breakdown
Residential
17,051
Single Family
11,066
Multi-Family
5,985
Businesses
1,980
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$533 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60563, Naperville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,517 (100%) |
| Owner Occupied HU | 9,097 (51.9%) |
| Renter Occupied HU | 7,498 (42.8%) |
| Vacant Housing Units | 922 ( 5.3%) |
| Median Home Value | $454,249 |
| Average Home Value | $500,528 |
Housing Distribution
Address Breakdown
Residential
17,051
Single Family
11,066
Multi-Family
5,985
Businesses
1,980
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Diane Coyle • Platinum Partners Realtors
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12396502
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)