370 Springlake Ln APT BAuroraIL60504
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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
Investment property for sale in Aurora at 370 Springlake Ln APT B, Aurora, IL, 60504 with 5% annual appreciation on a $258,000 basis while $1,744/mo rent supports operations. 27% in year one. Equity gained on principal adds $1,665/yr, and five-year appreciation sums $71,281 alongside rental yield of 8.11%. Five-year ROI measures 100.42% and total cumulative return in cash totals $85,886. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,744/mo property income versus a $1,263/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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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