Let’s crunch the numbers on this Lombard ranch. With a $285,000 purchase price and a $45,000 renovation budget, your total cost basis hits $330,000. At a $2,500 monthly rent, you're looking at a 9.1% gross yield, which is a healthy start for this neighborhood.
Keep in mind that buying at $285,000 is actually $20k over the current list price and slightly above our market value estimate of $271,000. You're paying a premium for that prime location next to Madison Meadow Park and the 9/10 rated Willowbrook High.
To keep your pocket fat, watch the property taxes. They currently sit at $2,867, but a $45k renovation might trigger a reassessment. If you can negotiate the purchase closer to the $265,000 asking price, your gross yield jumps to nearly 10%, making this a much stronger long-term play.
| Breakdown | Value |
| :--- | :--- |
| Total Investment | $330,000 |
| Annual Gross Rent | $30,000 |
| Gross Yield | 9.09% |
| Est. Net Yield (Cap Rate) | ~6.5% |
Investor Tip: Our data shows rent potential can reach up to $7,700 for premium finishes. If that $45k reno includes high-end kitchen upgrades, you might blow past that $2,500 target.