5 Redstart Rd, Naperville, IL 60565

Description

Welcome to this beautifully updated 4-bedroom home in Naperville's sought-after Maplebrook II neighborhood, served by acclaimed Naperville District 203 schools, including Maplebrook Elementary, Lincoln Junior High, and Naperville Central High School. Situated on a spacious corner lot of nearly one-third acre, this home offers an ideal combination of comfortable living spaces, thoughtful updates, and a convenient location close to everything Naperville has to offer. The main living areas feature updated flooring, abundant natural light, and a functional layout designed for everyday living and entertaining. The remodeled kitchen was updated in 2022 and includes modern cabinetry, updated appliances, a center island, and ample workspace. Both bathrooms were also renovated in 2022 with stylish finishes and fixtures. Additional improvements completed in 2022 include new flooring and carpet throughout, fresh interior and exterior paint, updated lighting, a remodeled garage, new front and patio doors, new egress windows, a new Rheem furnace, Richmond water heater, backup sump pump, and radon mitigation system. Outdoor living is equally inviting with a large yard and deck, creating plenty of space for gatherings, recreation, gardening, or simply enjoying the outdoors. The corner lot provides added openness and curb appeal, while mature landscaping enhances the setting. Ideally located near neighborhood parks, walking and biking trails, shopping, dining, and everyday conveniences, this home also offers easy access to major transportation corridors including I-55, I-355, and I-88. Downtown Naperville, with its vibrant dining, shopping, and entertainment options, is just minutes away. Combining extensive updates, a generous lot, highly regarded schools, and an established neighborhood setting, this move-in-ready home presents an exceptional opportunity in one of Naperville's most desirable communities. INVESTMENT OPPORTUNITY IN NAPERVILLE! Discover the potential of this 4-bedroom, 2-bath home offering approximately 1,980 square feet on a generous corner lot in desirable Naperville District 203. Whether you're looking for a primary residence or a long-term rental investment, this property offers flexibility and opportunity. At the $499,000 asking price, an illustrative all-cash investment scenario using estimated monthly rental income of $3,500 projects approximately $42,000 in annual gross rental income. After estimated property taxes, insurance, vacancy, and routine maintenance reserves, projected annual net operating income is approximately $25,680, representing a potential 5.15% annual operating return. For investors considering long-term ownership, an assumed 3% annual property appreciation rate would represent approximately $14,970 in additional first-year equity growth, bringing the illustrative combined annual return to approximately 8.15%, or $40,650. Over five years, the same assumptions project approximately $207,875 in combined rental operating income and property appreciation. Located in an established Naperville neighborhood with access to shopping, dining, parks, and commuter routes, this property presents an opportunity to combine potential rental income with long-term real estate ownership. All rental income, expenses, appreciation rates, and investment returns are estimates for illustrative purposes only. Rental rates and appreciation are not guaranteed. Actual returns will vary based on market conditions, operating expenses, financing, and property performance. Projections exclude management fees, major capital expenditures, transaction costs, and income taxes.