6020 Lake Bluff Dr UNIT 201Tinley ParkIL60477
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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 Tinley Park at 6020 Lake Bluff Dr UNIT 201, Tinley Park, IL, 60477 offers a 9.55% rental yield on a $180,000 purchase with $1,433/mo rent. Total monthly income registers $1,433/mo, and a $881/mo payment leaves $185/mo available for distribution. Annual cash flow reaches $2,214/yr on $59,670 to close, and return on cash invested stands at 23.62% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 123.75% and total cumulative return in cash at $73,841. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,433/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60477, Tinley Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,320 (100%) |
| Owner Occupied HU | 12,536 (76.8%) |
| Renter Occupied HU | 2,989 (18.3%) |
| Vacant Housing Units | 795 ( 4.9%) |
| Median Home Value | $285,063 |
| Average Home Value | $313,982 |
Housing Distribution
Address Breakdown
Residential
16,102
Single Family
11,467
Multi-Family
4,635
Businesses
1,124
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Listed by: Sheniki Grant • Village Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12461811