3027 Clarence AveBerwynIL60402
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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 Berwyn at 3027 Clarence Ave, Berwyn, IL, 60402 generates $1,967/mo in rent, after a $1,394/mo payment. Total monthly income is $1,967/mo. Return on cash invested sits at 19.8% in year one, and rental yield is 8.29% on a $284,750 entry. Equity gained on principal adds $1,837/yr, while 5% annual appreciation builds toward $78,671 over five years. Five-year ROI reaches 103.26% and total cumulative return in cash sums $97,476. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,967/mo property income rather than buyer’s personal income.
Single Family
Built in 1893
4,660 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60402, Berwyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,551 (100%) |
| Owner Occupied HU | 13,492 (57.3%) |
| Renter Occupied HU | 8,440 (35.8%) |
| Vacant Housing Units | 1,619 ( 6.9%) |
| Median Home Value | $296,945 |
| Average Home Value | $317,742 |
Housing Distribution
Address Breakdown
Residential
20,291
Single Family
15,801
Multi-Family
4,490
Businesses
1,041
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