704 Switchgrass Way #56003BolingbrookIL60490
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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 Bolingbrook at 704 Switchgrass Way #56003, Bolingbrook, IL, 60490 uses $145,695 cash to close to unlock $11,660/yr annual cash flow and $972/mo monthly cash flow. Total monthly income runs $4,020/mo, and a $2,151/mo payment keeps the spread at $972/mo. Purchase price stands at $439,501, and rental yield measures 10.98% with $4,020/mo rent. Return on cash invested shows 27.91% in year one, and 5% annual appreciation builds toward $121,426 over five years. Five-year ROI reaches 146.74% and total cumulative return in cash records $213,790. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,020/mo property income covering a $2,151/mo payment rather than investor’s personal income.
Single Family
Built in 2025
1,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60490, Bolingbrook, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,072 (100%) |
| Owner Occupied HU | 6,310 (89.2%) |
| Renter Occupied HU | 653 ( 9.2%) |
| Vacant Housing Units | 109 ( 1.5%) |
| Median Home Value | $377,927 |
| Average Home Value | $414,665 |
Housing Distribution
Address Breakdown
Residential
6,748
Single Family
6,747
Multi-Family
1
Businesses
259
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Listed by: Nicholas Solano • Twin Vines Real Estate Svcs
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12481762