469 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
Investment property for sale in Bolingbrook at 469 Ridge Ln, Bolingbrook, IL, 60440 earns $288/mo cash flow from $3,030/mo rent with a $1,776/mo payment. Total monthly income totals $3,030/mo, and annual cash flow totals $3,457/yr on $120,301 capital. ROI tracks 22.78% on current figures, and rental yield reads 10.02% at a $362,900 purchase. Equity gained on principal adds $2,342/yr, and 5% annual appreciation supports $100,263 over five years. Five-year ROI reaches 120.08% and total cumulative return in cash sums $144,452. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,030/mo property income instead of your personal income.
Townhouse
Built in 2024
3,225 sqft lot
$N/A/sqft
$225 monthly 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 • Olsick Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12166205
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)