704 Plainfield RdDowners GroveIL60516
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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 Downers Grove at 704 Plainfield Rd, Downers Grove, IL, 60516 earns from $3,478/mo rent with a $3,279/mo payment. Total monthly income totals $3,478/mo. ROI tracks 13.7% on current figures, and rental yield reads 6.23% at a $670,000 purchase. Equity gained on principal adds $4,323/yr, and 5% annual appreciation supports $185,109 over five years. Five-year ROI reaches 70.5% and total cumulative return in cash sums $155,405. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,478/mo property income instead of your personal income.
Single Family
Built in 1965
0.71 Acres 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
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Listed by: Shanon Tully, ABR,CSC,PSA,RENE,SRES,SRS • Platinum Partners Realtors
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523195