3 McCord TrcePalos ParkIL60464
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 3 McCord Trce, Palos Park, IL, 60464 in Palos Park. Rental yield 7%. The 1.30 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $153,336 and $5,112/yr in principal reduction project total return of $172,732.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.0% |
| Monthly Cash Flow | $(613) | $1,500 |
City averages based on Palos Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,236 |
| Total Monthly Debt Service | $3,629 |
| DSCR Ratio | 0.89x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Vadym Zakharuk • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12445986