7315 Winthrop Way #16Downers 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
Rental property for sale in Downers Grove at 7315 Winthrop Way #16, Downers Grove, IL, 60516 generates $2,050/mo in rent and, after a $1,444/mo payment, leaves $4/mo in cash flow. Total monthly income is $2,050/mo, and annual cash flow is $44/yr on $97,793 invested. Return on cash invested sits at 19.95% in year one, and rental yield is 8.34% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 104.07% and total cumulative return in cash sums $101,774. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,050/mo property income rather than buyer’s personal income.
Condo
Built in 1972
1,177 sqft 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: Kathy Brothers, ABR • Keller Williams Innovate - Aurora
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12521337