2537 Thatcher Ave APT 3ERiver GroveIL60171
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2537 Thatcher Ave APT 3E, River Grove, IL, 60171 in River Grove earns a respectable 9.14% gross yield at $115,000, but after the $517/mo mortgage the net cash flow is $78/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.69) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $31,772 over five years, making equity the dominant return driver. Total projected return: $49,067.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $78 | $300 |
City averages based on River Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $876 |
| Total Monthly Debt Service | $752 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Addante • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12410484