5540 Walnut Ave APT 6BDowners GroveIL60515
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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 Downers Grove at 5540 Walnut Ave APT 6B, Downers Grove, IL, 60515 uses $56,024 cash to close to unlock $1,859/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,327/mo, and a $827/mo payment keeps the spread at $155/mo. Purchase price stands at $169,000, and rental yield measures 9.42% with $1,327/mo rent. Return on cash invested shows 23.23% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 121.61% and total cumulative return in cash records $68,131. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,327/mo property income covering a $827/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60515, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,633 (100%) |
| Owner Occupied HU | 9,103 (72.1%) |
| Renter Occupied HU | 2,885 (22.8%) |
| Vacant Housing Units | 645 ( 5.1%) |
| Median Home Value | $518,927 |
| Average Home Value | $573,113 |
Housing Distribution
Address Breakdown
Residential
12,238
Single Family
8,757
Multi-Family
3,481
Businesses
1,888
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Listed by: Jill Petranek • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12514240