24 S Grant StNorth AuroraIL60542
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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 North Aurora at 24 S Grant St, North Aurora, IL, 60542 offers a 10.05% rental yield on a $389,900 purchase with $3,264/mo rent. Total monthly income registers $3,264/mo, and a $1,908/mo payment leaves $560/mo available for distribution. Annual cash flow reaches $6,719/yr on $129,252 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 131.69% and total cumulative return in cash at $170,209. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,264/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60542, North Aurora, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,801 (100%) |
| Owner Occupied HU | 5,777 (74.1%) |
| Renter Occupied HU | 1,655 (21.2%) |
| Vacant Housing Units | 369 ( 4.7%) |
| Median Home Value | $352,197 |
| Average Home Value | $363,884 |
Housing Distribution
Address Breakdown
Residential
7,555
Single Family
6,511
Multi-Family
1,044
Businesses
504
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Listed by: Melissa Garcia • Legacy Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12500630