1110 Grove StDowners GroveIL60515
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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 Downers Grove at 1110 Grove St, Downers Grove, IL, 60515 uses $104,423 cash to close to unlock $7,162/yr annual cash flow and $597/mo monthly cash flow. Total monthly income runs $2,782/mo, and a $1,542/mo payment keeps the spread at $597/mo. Purchase price stands at $315,000, and rental yield measures 10.6% with $2,782/mo rent. Return on cash invested shows 26.77% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 140.58% and total cumulative return in cash records $146,801. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,782/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60515, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,633 (100%) |
| Owner Occupied HU | 9,103 (72.1%) |
| Renter Occupied HU | 2,885 (22.8%) |
| Vacant Housing Units | 645 ( 5.1%) |
| Median Home Value | $518,927 |
| Average Home Value | $573,113 |
Housing Distribution
Address Breakdown
Residential
12,238
Single Family
8,757
Multi-Family
3,481
Businesses
1,888
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Listed by: Lidia Jarmuz • @properties Christies International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12503135