414 Spring AveDekalbIL60115
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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 Dekalb at 414 Spring Ave, Dekalb, IL, 60115 offers a 13.22% rental yield on a $187,500 purchase with $2,065/mo rent. Total monthly income registers $2,065/mo, and a $918/mo payment leaves $745/mo available for distribution. Annual cash flow reaches $8,943/yr on $62,156 to close, and return on cash invested stands at 34.3% in year one. Equity gained on principal adds $1,210/yr while 5% annual appreciation supports $51,803 over five years. Portfolio math shows five-year ROI at 181.18% and total cumulative return in cash at $112,615. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $918/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60115, Dekalb, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,304 (100%) |
| Owner Occupied HU | 7,574 (41.4%) |
| Renter Occupied HU | 8,918 (48.7%) |
| Vacant Housing Units | 1,812 ( 9.9%) |
| Median Home Value | $225,217 |
| Average Home Value | $244,557 |
Housing Distribution
Address Breakdown
Residential
17,163
Single Family
11,647
Multi-Family
5,516
Businesses
1,118
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