605 Montrose DrRomeovilleIL60446
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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 Romeoville at 605 Montrose Dr, Romeoville, IL, 60446 offers a 10.52% rental yield on a $309,000 purchase with $2,708/mo rent. Total monthly income registers $2,708/mo, and a $1,512/mo payment leaves $565/mo available for distribution. Annual cash flow reaches $6,781/yr on $102,434 to close, and return on cash invested stands at 26.53% in year one. Equity gained on principal adds $1,994/yr while 5% annual appreciation supports $85,371 over five years. Portfolio math shows five-year ROI at 139.35% and total cumulative return in cash at $142,745. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,708/mo property income against a $1,512/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60446, Romeoville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,008 (100%) |
| Owner Occupied HU | 10,648 (76.0%) |
| Renter Occupied HU | 2,846 (20.3%) |
| Vacant Housing Units | 514 ( 3.7%) |
| Median Home Value | $277,791 |
| Average Home Value | $300,502 |
Housing Distribution
Address Breakdown
Residential
14,084
Single Family
12,332
Multi-Family
1,752
Businesses
922
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Listed by: Aiste Buinauskaite • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12454422