458 Ridge LnBolingbrookIL60440
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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 Bolingbrook at 458 Ridge Ln, Bolingbrook, IL, 60440 priced at $392,900 converts $3,030/mo rent into $305/mo cash flow after a $1,923/mo obligation. Total monthly income equals $3,030/mo, and annual cash flow totals $3,658/yr on $130,246 invested. Return on cash invested prints 22.72% in year one, and rental yield reads 9.25% against a $392,900 entry. Equity gained on principal adds $2,535/yr, while 5% annual appreciation compiles into $108,551 by year five. Five-year ROI reaches 118.88% and total cumulative return in cash sums $154,831. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,030/mo property income covering a $1,923/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
3,225 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60440, Bolingbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,056 (100%) |
| Owner Occupied HU | 13,131 (72.7%) |
| Renter Occupied HU | 4,352 (24.1%) |
| Vacant Housing Units | 573 ( 3.2%) |
| Median Home Value | $281,954 |
| Average Home Value | $308,128 |
Housing Distribution
Address Breakdown
Residential
17,438
Single Family
15,400
Multi-Family
2,038
Businesses
1,508
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Listed by: Timothy Olsick, CNC • Olsick Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12443064