61 Pier Dr APT 202WestmontIL60559
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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 Westmont at 61 Pier Dr APT 202, Westmont, IL, 60559 offers a 8.04% rental yield on a $229,900 purchase with $1,540/mo rent. 05% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 99.24% and total cumulative return in cash at $75,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,540/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60559, Westmont, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,676 (100%) |
| Owner Occupied HU | 6,529 (55.9%) |
| Renter Occupied HU | 4,489 (38.4%) |
| Vacant Housing Units | 658 ( 5.6%) |
| Median Home Value | $436,150 |
| Average Home Value | $515,152 |
Housing Distribution
Address Breakdown
Residential
10,423
Single Family
6,542
Multi-Family
3,881
Businesses
1,192
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