20020 Western AveOlympia FieldsIL60461
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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 Olympia Fields at 20020 Western Ave, Olympia Fields, IL, 60461 offers a 5.4% rental yield on a $595,000 purchase with $2,676/mo rent. 17% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 56.94% and total cumulative return in cash at $111,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,676/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
3.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60461, Olympia Fields, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,946 (100%) |
| Owner Occupied HU | 1,518 (78.0%) |
| Renter Occupied HU | 235 (12.1%) |
| Vacant Housing Units | 193 ( 9.9%) |
| Median Home Value | $305,670 |
| Average Home Value | $332,314 |
Housing Distribution
Address Breakdown
Residential
1,997
Single Family
1,801
Multi-Family
196
Businesses
283
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Listed by: Todd Emert • Dream Town Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12407929