19520 116th Ave APT D, Mokena, IL, 60448 | $194/mo Cash Flow

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19520 116th Ave APT D, Mokena, IL, 60448 | $194/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Mokena at 19520 116th Ave APT D, Mokena, IL, 60448 generates $1,477/mo in rent and, after a $905/mo payment, leaves $194/mo in cash flow. Total monthly income is $1,477/mo, and annual cash flow is $2,331/yr on $61,328 invested. Return on cash invested sits at 23.71% in year one, and rental yield is 9.58% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 124.27% and total cumulative return in cash sums $76,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,477/mo property income rather than buyer’s personal income.

Condo

Built in 1972

N/A lot

$N/A/sqft

No HOA

More details about the property

Roomy 3-Bedroom Condo with Balcony, Garage & In-Unit Laundry - A Mokena Find with Potential! Welcome to 19520 116th Avenue, Unit D - a 3-bedroom, 1-bath second-floor condo in Mokena that's clean, functional, and full of potential. This is your chance to get into a great area at an affordable price - and make it your own with a few personal touches. The layout offers a comfortable living space with a large living/dining area, private balcony, and an eat-in kitchen featuring granite countertops including a newer, modern-style refrigerator, stainless steel dishwasher, and a black gas stove. The primary bedroom connects directly to the full bath. Two additional bedrooms provide flexibility for guests, a home office, or storage. Extras include in-unit stacked laundry, a 1.5-car attached garage with direct access, and a balcony overlooking green space - perfect for catching some sun or a summer breeze. Why Mokena? Mokena combines small-town charm with big-city access. You're close to Metra, I-80, great parks, and all the conveniences of a growing community.