2215 Ryegrass Ln #69002BolingbrookIL60490
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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 Bolingbrook at 2215 Ryegrass Ln #69002, Bolingbrook, IL, 60490 uses $148,479 cash to close to unlock $1,878/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $3,263/mo, and a $2,192/mo payment keeps the spread at $157/mo. Purchase price stands at $447,900, and rental yield measures 8.74% with $3,263/mo rent. Return on cash invested shows 21.17% in year one, and 5% annual appreciation builds toward $123,747 over five years. Five-year ROI reaches 110.61% and total cumulative return in cash records $164,226. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,263/mo property income covering a $2,192/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60490, Bolingbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,072 (100%) |
| Owner Occupied HU | 6,310 (89.2%) |
| Renter Occupied HU | 653 ( 9.2%) |
| Vacant Housing Units | 109 ( 1.5%) |
| Median Home Value | $377,927 |
| Average Home Value | $414,665 |
Housing Distribution
Address Breakdown
Residential
6,748
Single Family
6,747
Multi-Family
1
Businesses
259
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Listed by: N/A • N/A
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