142 W Chicago AveDowners GroveIL60515
Nearby investment properties with comparable rents
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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 142 W Chicago Ave, Downers Grove, IL, 60515 offers $4,786/mo rent that, after a $2,521/mo payment, leaves $1,214/mo cash flow. Total monthly income is $4,786/mo, and annual cash flow is $14,562/yr on $169,435 cash. Return on cash invested measures 28.66% in year one, and rental yield stands at 11.15% at a $515,000 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,285 by year five. Five-year ROI records 150.71% and total cumulative return in cash reaches $255,349. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,786/mo property income versus a $2,521/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
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: Lisa Wenzel, ABR,GRI,SRS • Wenzel Select Properties, Ltd.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12529759