902 Red Oak DrWestern SpringsIL60558
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play902 Red Oak Dr, Western Springs, IL, 60558 in Western Springs is priced for appreciation, not yield. Rental yield 4.79%. At $1,255,000 with a 4.79% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $346,733 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.27) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $364,949.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 4.2% |
| Monthly Cash Flow | $(5,599) | $2,500 |
City averages based on Western Springs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $7,188 |
| Total Monthly Debt Service | $8,496 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2005
0.27 Acres lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60558, Western Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,731 (100%) |
| Owner Occupied HU | 4,286 (90.6%) |
| Renter Occupied HU | 235 ( 5.0%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $661,304 |
| Average Home Value | $755,342 |
Housing Distribution
Address Breakdown
Residential
4,697
Single Family
4,601
Multi-Family
96
Businesses
315
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 2005
0.27 Acres lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60558, Western Springs, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,731 (100%) |
| Owner Occupied HU | 4,286 (90.6%) |
| Renter Occupied HU | 235 ( 5.0%) |
| Vacant Housing Units | 210 ( 4.4%) |
| Median Home Value | $661,304 |
| Average Home Value | $755,342 |
Housing Distribution
Address Breakdown
Residential
4,697
Single Family
4,601
Multi-Family
96
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices