601 Chicago AveDowners 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 601 Chicago Ave, Downers Grove, IL, 60515 offers a 10.08% rental yield on a $469,900 purchase with $3,947/mo rent. Total monthly income registers $3,947/mo, and a $2,300/mo payment leaves $688/mo available for distribution. Annual cash flow reaches $8,251/yr on $155,772 to close, and return on cash invested stands at 25.21% in year one. Equity gained on principal adds $3,032/yr while 5% annual appreciation supports $129,825 over five years. Portfolio math shows five-year ROI at 132.23% and total cumulative return in cash at $205,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,947/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
6,250 sqft 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: Frank Vomacka • RE/MAX Partners
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12393876