616 Morton AveAuroraIL60506
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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
Rental property for sale in Aurora at 616 Morton Ave, Aurora, IL, 60506 priced at $189,900 pairs $1,448/mo rent with $131/mo cash flow after a $929/mo payment. Total monthly income equals $1,448/mo, and annual cash flow comes to $1,575/yr on $62,952 invested. Return on cash invested is 22.41% in year one, and rental yield stands at 9.15% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 117.3% and total cumulative return in cash reaches $73,841. For financing, Ziffy Mortgage’s DSCR program evaluates $1,448/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
5,571 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60506, Aurora, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,726 (100%) |
| Owner Occupied HU | 11,993 (64.0%) |
| Renter Occupied HU | 6,084 (32.5%) |
| Vacant Housing Units | 649 ( 3.5%) |
| Median Home Value | $265,415 |
| Average Home Value | $301,071 |
Housing Distribution
Address Breakdown
Residential
18,064
Single Family
15,377
Multi-Family
2,687
Businesses
1,220
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