1643 Home 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
Investment property for sale in Berwyn at 1643 Home Ave, Berwyn, IL, 60402 uses $86,157 cash to close to unlock $8,980/yr annual cash flow and $748/mo monthly cash flow. Total monthly income runs $2,551/mo, and a $1,272/mo payment keeps the spread at $748/mo. Purchase price stands at $259,900, and rental yield measures 11.78% with $2,551/mo rent. Return on cash invested shows 30.33% in year one, and 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 159.74% and total cumulative return in cash records $137,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,551/mo property income covering a $1,272/mo payment rather than investor’s personal income.
Single Family
Built in 1940
4,050 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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