3 McCord TrcePalos ParkIL60464
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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
Rental property for sale in Palos Park at 3 McCord Trce, Palos Park, IL, 60464 generates $3,236/mo in rent, after a $2,716/mo payment. Total monthly income is $3,236/mo. Return on cash invested sits at 16.03% in year one, and rental yield is 7% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 82.99% and total cumulative return in cash sums $151,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,236/mo property income rather than buyer’s personal income.
Townhouse
Built in 2001
3,567 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60464, Palos Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,432 (82.9%) |
| Renter Occupied HU | 420 (10.1%) |
| Vacant Housing Units | 289 ( 7.0%) |
| Median Home Value | $446,879 |
| Average Home Value | $505,444 |
Housing Distribution
Address Breakdown
Residential
4,028
Single Family
3,279
Multi-Family
749
Businesses
197
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Listed by: Vadym Zakharuk • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12445986