632 Independence AveWestmontIL60559
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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 Westmont at 632 Independence Ave, Westmont, IL, 60559 offers $3,143/mo rent that, after a $2,002/mo payment, leaves $306/mo cash flow. Total monthly income is $3,143/mo, and annual cash flow is $3,671/yr on $135,584 cash. Return on cash invested measures 22.62% in year one, and rental yield stands at 9.22% at a $409,000 entry. Equity gained on principal adds $2,639/yr while 5% annual appreciation compounds into $112,999 by year five. Five-year ROI records 118.34% and total cumulative return in cash reaches $160,449. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,143/mo property income versus a $2,002/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
8,383 sqft 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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