1520 Grove CtAddisonIL60101
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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 Addison at 1520 Grove Ct, Addison, IL, 60101 offers a 8.64% rental yield on a $609,900 purchase with $4,393/mo rent. Total monthly income registers $4,393/mo, and a $2,985/mo payment leaves $163/mo available for distribution. Annual cash flow reaches $1,953/yr on $200,657 to close, and return on cash invested stands at 21.03% in year one. Equity gained on principal adds $3,936/yr while 5% annual appreciation supports $168,504 over five years. Portfolio math shows five-year ROI at 109.83% and total cumulative return in cash at $220,380. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,393/mo property income against a $2,985/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
7,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60101, Addison, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,473 (100%) |
| Owner Occupied HU | 8,912 (66.1%) |
| Renter Occupied HU | 4,113 (30.5%) |
| Vacant Housing Units | 448 ( 3.3%) |
| Median Home Value | $334,016 |
| Average Home Value | $350,017 |
Housing Distribution
Address Breakdown
Residential
13,358
Single Family
9,382
Multi-Family
3,976
Businesses
1,937
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