10S241 Wallace DrDowners GroveIL60516
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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
Rental property for sale in Downers Grove at 10S241 Wallace Dr, Downers Grove, IL, 60516 generates $4,202/mo in rent and, after a $2,585/mo payment, leaves $539/mo in cash flow. Total monthly income is $4,202/mo, and annual cash flow is $6,463/yr on $173,778 invested. Return on cash invested sits at 23.78% in year one, and rental yield is 9.55% on a $528,200 entry. Equity gained on principal adds $3,408/yr, while 5% annual appreciation builds toward $145,932 over five years. Five-year ROI reaches 124.56% and total cumulative return in cash sums $216,449. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,202/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
9,073 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60516, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 9,447 (77.8%) |
| Renter Occupied HU | 2,199 (18.1%) |
| Vacant Housing Units | 497 ( 4.1%) |
| Median Home Value | $445,381 |
| Average Home Value | $482,842 |
Housing Distribution
Address Breakdown
Residential
11,886
Single Family
9,346
Multi-Family
2,540
Businesses
290
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