624 Prairie 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
Rental property for sale in Downers Grove at 624 Prairie Ave, Downers Grove, IL, 60515 priced at $550,000 converts $4,786/mo rent into $971/mo cash flow after a $2,692/mo obligation. Total monthly income equals $4,786/mo, and annual cash flow totals $11,653/yr on $180,950 invested. Return on cash invested prints 26.5% in year one, and rental yield reads 10.44% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 139.16% and total cumulative return in cash sums $251,818. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,786/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Multi Family
Built in 1963
5,227 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: Denis Horgan • Redfin Corporation
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12463342