11131 Waters Edge Dr Unit 1BOrland ParkIL60467
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeFinancing efficiency matters for international buyers, and 11131 Waters Edge Dr Unit 1B, Orland Park, IL, 60467 in Orland Park offers it: the 1.51 DSCR gives Ziffy Mortgage's underwriting team an unusually clean file, no U.S. credit, no personal income required. Rental yield 8.57%. Long-term, 5% appreciation is forecast to add $93,908, and $2,849/yr in principal paydown compounds equity steadily. Projected five-year cumulative return: $105,515.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.4% |
| Monthly Cash Flow | $(308) | $1,850 |
City averages based on Orland Park market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,427 |
| Total Monthly Debt Service | $2,682 |
| DSCR Ratio | 0.90x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60467, Orland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,911 (100%) |
| Owner Occupied HU | 8,987 (90.7%) |
| Renter Occupied HU | 499 ( 5.0%) |
| Vacant Housing Units | 425 ( 4.3%) |
| Median Home Value | $398,532 |
| Average Home Value | $434,956 |
Housing Distribution
Address Breakdown
Residential
10,083
Single Family
9,144
Multi-Family
939
Businesses
615
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angela Marie • @properties Christies International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12800202
