1504 Grove AveBerwynIL60402
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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 Berwyn at 1504 Grove Ave, Berwyn, IL, 60402 priced at $170,000 pairs $3,276/mo rent with $2,097/mo cash flow after a $832/mo payment. Total monthly income equals $3,276/mo, and annual cash flow comes to $25,163/yr on $56,355 invested. Return on cash invested is 64.56% in year one, and rental yield stands at 23.12% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 343.25% and total cumulative return in cash reaches $193,437. For financing, Ziffy Mortgage’s DSCR program evaluates $3,276/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1907
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60402, Berwyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,551 (100%) |
| Owner Occupied HU | 13,492 (57.3%) |
| Renter Occupied HU | 8,440 (35.8%) |
| Vacant Housing Units | 1,619 ( 6.9%) |
| Median Home Value | $296,945 |
| Average Home Value | $317,742 |
Housing Distribution
Address Breakdown
Residential
20,291
Single Family
15,801
Multi-Family
4,490
Businesses
1,041
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Listed by: Dan Ortiz • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12173624
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. 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. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)