16001 S 88th Ave UNIT 204Orland 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
Investment property for sale in Orland Park at 16001 S 88th Ave UNIT 204, Orland Park, IL, 60462 earns $276/mo cash flow from $2,461/mo rent with a $1,542/mo payment. Total monthly income totals $2,461/mo, and annual cash flow totals $3,310/yr on $104,423 capital. ROI tracks 23.08% on current figures, and rental yield reads 9.38% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 120.82% and total cumulative return in cash sums $126,161. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,461/mo property income instead of your personal income.
Condo
Built in 2005
N/A 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: Kimberly Schmidt • RE/MAX Liberty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12543935