835 Bishop AveAuroraIL60506
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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 Aurora at 835 Bishop Ave, Aurora, IL, 60506 priced at $179,900 converts $1,883/mo rent into $635/mo cash flow after a $881/mo obligation. Total monthly income equals $1,883/mo, and annual cash flow totals $7,616/yr on $59,637 invested. Return on cash invested prints 32.68% in year one, and rental yield reads 12.56% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 172.34% and total cumulative return in cash sums $102,777. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,883/mo property income covering a $881/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60506, Aurora, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,726 (100%) |
| Owner Occupied HU | 11,993 (64.0%) |
| Renter Occupied HU | 6,084 (32.5%) |
| Vacant Housing Units | 649 ( 3.5%) |
| Median Home Value | $265,415 |
| Average Home Value | $301,071 |
Housing Distribution
Address Breakdown
Residential
18,064
Single Family
15,377
Multi-Family
2,687
Businesses
1,220
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