602 Glenwood LnLombardIL60148
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
Rental property for sale in Lombard at 602 Glenwood Ln, Lombard, IL, 60148 priced at $410,000 converts $3,248/mo rent into $24/mo cash flow after a $2,007/mo obligation. Total monthly income equals $3,248/mo, and annual cash flow totals $287/yr on $135,915 invested. Return on cash invested prints 20.12% in year one, and rental yield reads 9.51% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 106.16% and total cumulative return in cash sums $144,287. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,248/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Townhouse
Built in 1996
9,680 sqft lot
$N/A/sqft
$380 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60148, Lombard, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,872 (100%) |
| Owner Occupied HU | 15,176 (66.4%) |
| Renter Occupied HU | 6,456 (28.2%) |
| Vacant Housing Units | 1,240 ( 5.4%) |
| Median Home Value | $357,055 |
| Average Home Value | $390,991 |
Housing Distribution
Address Breakdown
Residential
22,434
Single Family
15,389
Multi-Family
7,045
Businesses
2,092
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Listed by: Gina Damore • Keller Williams Premiere Properties
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12476408
Disclaimer: Based on information submitted to the MLS GRID as of 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)