22403 Lakeshore DrRichton ParkIL60471
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeCapital preservation and steady income define 22403 Lakeshore Dr, Richton Park, IL, 60471 in Richton Park. Rental yield 8.08%. The 1.42 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $62,163 and $1,886/yr in principal reduction project total return of $78,873.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 6.5% |
| Monthly Cash Flow | $(46) | $1,200 |
City averages based on Richton Park market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,515 |
| Total Monthly Debt Service | $1,526 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2001
1,342 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60471, Richton Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,502 (100%) |
| Owner Occupied HU | 2,924 (53.1%) |
| Renter Occupied HU | 2,140 (38.9%) |
| Vacant Housing Units | 438 ( 8.0%) |
| Median Home Value | $221,275 |
| Average Home Value | $228,314 |
Housing Distribution
Address Breakdown
Residential
5,076
Single Family
3,766
Multi-Family
1,310
Businesses
211
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Haley • ASAGA Realty & Housing Development
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12467887
