12649 S Parkside AvePalos HeightsIL60463
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 12649 S Parkside Ave, Palos Heights, IL, 60463 in Palos Heights hard to pass up. The 11.22% gross yield on a $335,000 purchase results in $3,133/mo in rent and $810/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.08). Annual cash flow of $9,715, five-year appreciation of $92,554, and $3,085/yr in equity build-up combine for a projected total cumulative return of $180,277.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 5.0% |
| Monthly Cash Flow | $810 | $250 |
City averages based on Palos Heights market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,133 |
| Total Monthly Debt Service | $2,190 |
| DSCR Ratio | 1.43x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1957
9,375 sqft lot
$N/A/sqft
No HOA
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 1957
9,375 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Scanlon • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12467714