6681 Springside AveDowners GroveIL60516
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 6681 Springside Ave, Downers Grove, IL, 60516 in Downers Grove speaks for itself: 22.65% gross on a $472,000 price, generating $8,910/mo in rent and $5,636/mo in net income after the $2,122/mo debt service. DSCR 4.20, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $67,634 stacks alongside $130,405 in projected five-year appreciation and $4,347/yr in principal reduction. Projected total cumulative return: $543,252.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22.7% | 5.0% |
| Monthly Cash Flow | $5,636 | $300 |
City averages based on Downers Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,910 |
| Total Monthly Debt Service | $3,086 |
| DSCR Ratio | 2.89x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60516, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 9,447 (77.8%) |
| Renter Occupied HU | 2,199 (18.1%) |
| Vacant Housing Units | 497 ( 4.1%) |
| Median Home Value | $445,381 |
| Average Home Value | $482,842 |
Housing Distribution
Address Breakdown
Residential
11,886
Single Family
9,346
Multi-Family
2,540
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60516, Downers Grove, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,143 (100%) |
| Owner Occupied HU | 9,447 (77.8%) |
| Renter Occupied HU | 2,199 (18.1%) |
| Vacant Housing Units | 497 ( 4.1%) |
| Median Home Value | $445,381 |
| Average Home Value | $482,842 |
Housing Distribution
Address Breakdown
Residential
11,886
Single Family
9,346
Multi-Family
2,540
Businesses
290
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices