8620 Washington StDowners 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 8620 Washington St, Downers Grove, IL, 60516 with 5% annual appreciation on a $679,900 basis while $3,609/mo rent supports operations. 12% in year one. Equity gained on principal adds $4,387/yr, and five-year appreciation sums $187,844 alongside rental yield of 6.37%. Five-year ROI measures 72.75% and total cumulative return in cash totals $162,725. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,609/mo property income versus a $3,328/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1967
0.52 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: Rogelio Carrera • Avenue Properties Chicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12485350