362 Springlake Ln APT CAuroraIL60504
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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 Aurora at 362 Springlake Ln APT C, Aurora, IL, 60504 priced at $242,500 pairs $1,657/mo rent with after a $1,187/mo payment. Total monthly income equals $1,657/mo. Return on cash invested is 19.53% in year one, and rental yield stands at 8.2% on a $242,500 basis. Equity gained on principal adds $1,565/yr, and 5% annual appreciation accumulates to $66,998 by year five. Five-year ROI measures 101.8% and total cumulative return in cash reaches $81,835. For financing, Ziffy Mortgage’s DSCR program evaluates $1,657/mo property income against a $1,187/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60504, Aurora, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,532 (100%) |
| Owner Occupied HU | 9,267 (59.7%) |
| Renter Occupied HU | 5,509 (35.5%) |
| Vacant Housing Units | 756 ( 4.9%) |
| Median Home Value | $308,129 |
| Average Home Value | $373,744 |
Housing Distribution
Address Breakdown
Residential
15,102
Single Family
11,393
Multi-Family
3,709
Businesses
991
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