512 Redondo Dr APT 512Downers GroveIL60516
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Downers Grove at 512 Redondo Dr APT 512, Downers Grove, IL, 60516 offers a 8.61% rental yield on a $219,000 purchase with $1,571/mo rent. Total monthly income registers $1,571/mo, and a $1,072/mo payment leaves $52/mo available for distribution. Annual cash flow reaches $622/yr on $72,599 to close, and return on cash invested stands at 20.77% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 108.43% and total cumulative return in cash at $78,717. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,571/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60516, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 9,447 (77.8%) |
| Renter Occupied HU | 2,199 (18.1%) |
| Vacant Housing Units | 497 ( 4.1%) |
| Median Home Value | $445,381 |
| Average Home Value | $482,842 |
Housing Distribution
Address Breakdown
Residential
11,886
Single Family
9,346
Multi-Family
2,540
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Priscilla Jezuit • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12477521