502 Vernon DrOswegoIL60543
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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 Oswego at 502 Vernon Dr, Oswego, IL, 60543 priced at $515,000 converts $4,386/mo rent into $814/mo cash flow after a $2,521/mo obligation. Total monthly income equals $4,386/mo, and annual cash flow totals $9,762/yr on $169,435 invested. Return on cash invested prints 25.82% in year one, and rental yield reads 10.22% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 135.51% and total cumulative return in cash sums $229,609. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,386/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 2003
8,472 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60543, Oswego, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,890 (100%) |
| Owner Occupied HU | 11,607 (78.0%) |
| Renter Occupied HU | 2,638 (17.7%) |
| Vacant Housing Units | 645 ( 4.3%) |
| Median Home Value | $339,936 |
| Average Home Value | $357,657 |
Housing Distribution
Address Breakdown
Residential
14,477
Single Family
13,886
Multi-Family
591
Businesses
993
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