413 Glen AveRomeovilleIL60446
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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 Romeoville at 413 Glen Ave, Romeoville, IL, 60446 offers $2,828/mo rent that, after a $1,065/mo payment, leaves $1,319/mo cash flow. Total monthly income is $2,828/mo, and annual cash flow is $15,827/yr on $72,101 cash. Return on cash invested measures 41.86% in year one, and rental yield stands at 15.6% at a $217,500 entry. Equity gained on principal adds $1,403/yr while 5% annual appreciation compounds into $60,091 by year five. Five-year ROI records 221.51% and total cumulative return in cash reaches $159,714. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,828/mo property income versus a $1,065/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60446, Romeoville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 10,648 (76.0%) |
| Renter Occupied HU | 2,846 (20.3%) |
| Vacant Housing Units | 514 ( 3.7%) |
| Median Home Value | $277,791 |
| Average Home Value | $300,502 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
12,332
Multi-Family
1,752
Businesses
922
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Listed by: Heather Keller • Charles Rutenberg Realty of IL
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12390384