18032 Erickson CtOrland ParkIL60467
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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 18032 Erickson Ct, Orland Park, IL, 60467 offers a 9.51% rental yield on a $630,000 purchase with $4,993/mo rent. Total monthly income registers $4,993/mo, and a $3,084/mo payment leaves $623/mo available for distribution. Annual cash flow reaches $7,473/yr on $207,270 to close, and return on cash invested stands at 23.67% in year one. Equity gained on principal adds $4,065/yr while 5% annual appreciation supports $174,057 over five years. Portfolio math shows five-year ROI at 123.95% and total cumulative return in cash at $256,906. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,993/mo property income against a $3,084/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2014
9,391 sqft 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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Listed by: Asish Kurian • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12517760