38227 N 3rd AveSpring GroveIL60081
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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 Spring Grove at 38227 N 3rd Ave, Spring Grove, IL, 60081 offers a 8.09% rental yield on a $225,000 purchase with $1,517/mo rent. 21% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 100.1% and total cumulative return in cash at $74,661. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,517/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60081, Spring Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,737 (100%) |
| Owner Occupied HU | 3,145 (84.2%) |
| Renter Occupied HU | 349 ( 9.3%) |
| Vacant Housing Units | 243 ( 6.5%) |
| Median Home Value | $353,066 |
| Average Home Value | $372,399 |
Housing Distribution
Address Breakdown
Residential
3,586
Single Family
3,586
Multi-Family
0
Businesses
307
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Listed by: Jerry Fredrick • Century 21 Affiliated
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls ID: #202505047