2724 Chariot LnOlympia 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 2724 Chariot Ln, Olympia Fields, IL, 60461 offers a 9.91% rental yield on a $324,000 purchase with $2,676/mo rent. Total monthly income registers $2,676/mo, and a $1,586/mo payment leaves $429/mo available for distribution. Annual cash flow reaches $5,142/yr on $107,406 to close, and return on cash invested stands at 24.7% in year one. Equity gained on principal adds $2,091/yr while 5% annual appreciation supports $89,515 over five years. Portfolio math shows five-year ROI at 129.52% and total cumulative return in cash at $139,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,676/mo property income against a $1,586/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.34 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: Sheila Barney-Shannon • 26.2 Realty, Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12542099