404 Melrose Ave APT 103Glen EllynIL60137
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing404 Melrose Ave APT 103, Glen Ellyn, IL, 60137 in Glen Ellyn is a stable, well-positioned rental at $350,000. Rental yield 6.84%. DSCR 1.27 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $96,699 in value and $3,224/yr in principal paydown builds equity, a total projected return of $106,087.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 5.0% |
| Monthly Cash Flow | $(878) | $250 |
City averages based on Glen Ellyn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,996 |
| Total Monthly Debt Service | $2,288 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60137, Glen Ellyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,353 (100%) |
| Owner Occupied HU | 11,582 (75.4%) |
| Renter Occupied HU | 3,130 (20.4%) |
| Vacant Housing Units | 641 ( 4.2%) |
| Median Home Value | $534,216 |
| Average Home Value | $589,128 |
Housing Distribution
Address Breakdown
Residential
14,840
Single Family
11,430
Multi-Family
3,410
Businesses
896
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
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60137, Glen Ellyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,353 (100%) |
| Owner Occupied HU | 11,582 (75.4%) |
| Renter Occupied HU | 3,130 (20.4%) |
| Vacant Housing Units | 641 ( 4.2%) |
| Median Home Value | $534,216 |
| Average Home Value | $589,128 |
Housing Distribution
Address Breakdown
Residential
14,840
Single Family
11,430
Multi-Family
3,410
Businesses
896
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jackie Angiello • Keller Williams Premiere Properties
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12557411