503 51st StWestern SpringsIL60558
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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 Western Springs at 503 51st St, Western Springs, IL, 60558 uses $222,075 cash to close to unlock $3,742/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $4,994/mo, and a $3,304/mo payment keeps the spread at $312/mo. Purchase price stands at $675,000, and rental yield measures 8.88% with $4,994/mo rent. Return on cash invested shows 21.75% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 113.64% and total cumulative return in cash records $252,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,994/mo property income covering a $3,304/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60558, Western Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,731 (100%) |
| Owner Occupied HU | 4,286 (90.6%) |
| Renter Occupied HU | 235 ( 5.0%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $661,304 |
| Average Home Value | $755,342 |
Housing Distribution
Address Breakdown
Residential
4,697
Single Family
4,601
Multi-Family
96
Businesses
315
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Listed by: James Hubeny • Hubeny Realty Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12551827