508 Taylor Ave APT AGlen EllynIL60137
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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 Glen Ellyn at 508 Taylor Ave APT A, Glen Ellyn, IL, 60137 uses $53,040 cash to close to unlock $1,120/yr annual cash flow and $93/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $783/mo payment keeps the spread at $93/mo. Purchase price stands at $160,000, and rental yield measures 9.02% with $1,203/mo rent. Return on cash invested shows 22.02% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 115.21% and total cumulative return in cash records $61,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $783/mo payment rather than investor’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60137, Glen Ellyn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,353 (100%) |
| Owner Occupied HU | 11,582 (75.4%) |
| Renter Occupied HU | 3,130 (20.4%) |
| Vacant Housing Units | 641 ( 4.2%) |
| Median Home Value | $534,216 |
| Average Home Value | $589,128 |
Housing Distribution
Address Breakdown
Residential
14,840
Single Family
11,430
Multi-Family
3,410
Businesses
896
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Listed by: Pat Murray, ABR,CNC,GRI,SFR • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12540352