228 Gordon AveRomeovilleIL60446
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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 Romeoville at 228 Gordon Ave, Romeoville, IL, 60446 generates $2,023/mo in rent, after a $1,468/mo payment. Total monthly income is $2,023/mo. Return on cash invested sits at 19.22% in year one, and rental yield is 8.09% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 100.11% and total cumulative return in cash sums $99,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,023/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
7,877 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60446, Romeoville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 10,648 (76.0%) |
| Renter Occupied HU | 2,846 (20.3%) |
| Vacant Housing Units | 514 ( 3.7%) |
| Median Home Value | $277,791 |
| Average Home Value | $300,502 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
12,332
Multi-Family
1,752
Businesses
922
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Listed by: Jay Watts • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12470250