341 Summit CirLombardIL60148
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
Investment Highlights
Rental property for sale in Lombard at 341 Summit Cir, Lombard, IL, 60148 offers $2,864/mo rent that, after a $2,496/mo payment. Total monthly income is $2,864/mo. Return on cash invested measures 13.58% in year one, and rental yield stands at 6.74% at a $509,990 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,901 by year five. Five-year ROI records 70.45% and total cumulative return in cash reaches $118,212. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,864/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2024
1,100 sqft lot
$N/A/sqft
$233 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60148, Lombard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,872 (100%) |
| Owner Occupied HU | 15,176 (66.4%) |
| Renter Occupied HU | 6,456 (28.2%) |
| Vacant Housing Units | 1,240 ( 5.4%) |
| Median Home Value | $357,055 |
| Average Home Value | $390,991 |
Housing Distribution
Address Breakdown
Residential
22,434
Single Family
15,389
Multi-Family
7,045
Businesses
2,092
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Listed by: Anita Olsen • Anita Olsen
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12134630
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)