6120 W 98th StOak LawnIL60453
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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 Oak Lawn at 6120 W 98th St, Oak Lawn, IL, 60453 uses $142,512 cash to close to unlock $12,699/yr annual cash flow and $1,058/mo monthly cash flow. Total monthly income runs $4,040/mo, and a $2,104/mo payment keeps the spread at $1,058/mo. Purchase price stands at $429,900, and rental yield measures 11.28% with $4,040/mo rent. Return on cash invested shows 28.82% in year one, and 5% annual appreciation builds toward $118,773 over five years. Five-year ROI reaches 151.62% and total cumulative return in cash records $216,079. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,040/mo property income covering a $2,104/mo payment rather than investor’s personal income.
Single Family
Built in 2010
9,940 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60453, Oak Lawn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,136 (100%) |
| Owner Occupied HU | 17,786 (76.9%) |
| Renter Occupied HU | 4,209 (18.2%) |
| Vacant Housing Units | 1,141 ( 4.9%) |
| Median Home Value | $290,812 |
| Average Home Value | $300,700 |
Housing Distribution
Address Breakdown
Residential
23,037
Single Family
15,931
Multi-Family
7,106
Businesses
1,260
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