14340 Ridge AveOrland ParkIL60462
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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
Investment Highlights
Rental property for sale in Orland Park at 14340 Ridge Ave, Orland Park, IL, 60462 generates $4,798/mo in rent and, after a $2,936/mo payment, leaves $637/mo in cash flow. Total monthly income is $4,798/mo, and annual cash flow is $7,646/yr on $197,367 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 9.6% on a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 125.4% and total cumulative return in cash sums $247,504. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,798/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60462, Orland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,742 (100%) |
| Owner Occupied HU | 13,635 (81.4%) |
| Renter Occupied HU | 2,401 (14.3%) |
| Vacant Housing Units | 706 ( 4.2%) |
| Median Home Value | $345,523 |
| Average Home Value | $375,558 |
Housing Distribution
Address Breakdown
Residential
16,503
Single Family
12,458
Multi-Family
4,045
Businesses
1,643
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Listed by: Angela Marie • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12543524