20852 Greenwood DrOlympia FieldsIL60461
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.32% yield at 20852 Greenwood Dr, Olympia Fields, IL, 60461 in Olympia Fields is solid, but the $2,194/mo payment compresses net cash flow to $0/mo at $488,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $134,825 by year five, and $4,495/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.54) without U.S. income documentation. Total projected return: $186,658.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $0 | $150 |
City averages based on Olympia Fields market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,385 |
| Total Monthly Debt Service | $3,191 |
| DSCR Ratio | 1.06x |
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.
Single Family
Built in 1962
0.35 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
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
Single Family
Built in 1962
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamika Thomas • Village Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12406735