4220 Saratoga Ave APT 112Downers GroveIL60515
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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 Downers Grove at 4220 Saratoga Ave APT 112, Downers Grove, IL, 60515 uses $58,013 cash to close to unlock $14,072/yr annual cash flow and $1,173/mo monthly cash flow. Total monthly income runs $2,782/mo, and a $857/mo payment keeps the spread at $1,173/mo. Purchase price stands at $175,000, and rental yield measures 19.08% with $2,782/mo rent. Return on cash invested shows 44.17% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 236.86% and total cumulative return in cash records $137,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,782/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$395 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60515, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,633 (100%) |
| Owner Occupied HU | 9,103 (72.1%) |
| Renter Occupied HU | 2,885 (22.8%) |
| Vacant Housing Units | 645 ( 5.1%) |
| Median Home Value | $518,927 |
| Average Home Value | $573,113 |
Housing Distribution
Address Breakdown
Residential
12,238
Single Family
8,757
Multi-Family
3,481
Businesses
1,888
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Listed by: Adam Stary • eXp Realty, LLC
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12167491
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)