17218 Ridgeland Ave #214Tinley ParkIL60477
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 17218 Ridgeland Ave #214, Tinley Park, IL, 60477 in Tinley Park hard to pass up. The 19.67% gross yield on a $219,500 purchase results in $3,598/mo in rent and $1,897/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (3.65). Annual cash flow of $22,765, five-year appreciation of $60,644, and $2,022/yr in equity build-up combine for a projected total cumulative return of $206,826.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.7% | 3.8% |
| Monthly Cash Flow | $1,897 | $850 |
City averages based on Tinley Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,598 |
| Total Monthly Debt Service | $1,613 |
| DSCR Ratio | 2.23x |
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.
Condo
Built in 1986
N/A lot
$N/A/sqft
$178 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60477, Tinley Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,320 (100%) |
| Owner Occupied HU | 12,536 (76.8%) |
| Renter Occupied HU | 2,989 (18.3%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $285,063 |
| Average Home Value | $313,982 |
Housing Distribution
Address Breakdown
Residential
16,102
Single Family
11,467
Multi-Family
4,635
Businesses
1,124
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
Condo
Built in 1986
N/A lot
$N/A/sqft
$178 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60477, Tinley Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,320 (100%) |
| Owner Occupied HU | 12,536 (76.8%) |
| Renter Occupied HU | 2,989 (18.3%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $285,063 |
| Average Home Value | $313,982 |
Housing Distribution
Address Breakdown
Residential
16,102
Single Family
11,467
Multi-Family
4,635
Businesses
1,124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices