1527 62nd StDowners 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 1527 62nd St, Downers Grove, IL, 60516 generates $3,821/mo in rent, after a $4,283/mo payment. Total monthly income is $3,821/mo. Return on cash invested sits at 10.69% in year one, and rental yield is 5.24% on a $875,000 entry. Equity gained on principal adds $5,646/yr, while 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 54.35% and total cumulative return in cash sums $156,455. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,821/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.55 Acres 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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Listed by: Joseph Enzbigilis • Keller Williams Experience
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12381543