7925 Fairmount AveDowners GroveIL60516
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 7925 Fairmount Ave, Downers Grove, IL, 60516 in Downers Grove achieves 1.51, rent of $1,702/mo covers the $1,124/mo payment 1.5x over at $250,000. Rental yield 8.17%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $69,070 over five years, with $2,303/yr in principal reduction bringing total projected return to $93,577.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 5.0% |
| Monthly Cash Flow | $(32) | $300 |
City averages based on Downers Grove market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,702 |
| Total Monthly Debt Service | $1,635 |
| DSCR Ratio | 1.04x |
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 1967
0.46 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
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 1967
0.46 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kris Jepsen • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12431521