2537 Thatcher Ave APT 3ERiver GroveIL60171
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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 River Grove at 2537 Thatcher Ave APT 3E, River Grove, IL, 60171 generates $876/mo in rent and, after a $563/mo payment, leaves $78/mo in cash flow. Total monthly income is $876/mo, and annual cash flow is $938/yr on $38,123 invested. Return on cash invested sits at 22.37% in year one, and rental yield is 9.14% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 117.12% and total cumulative return in cash sums $44,649. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $876/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
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Listed by: Danielle Addante • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12410484