6970 Heritage Cir APT 1COrland ParkIL60462
INVESTMENT ANALYSIS
Investment Verdict
Solid Income6970 Heritage Cir APT 1C, Orland Park, IL, 60462 in Orland Park carries a 1.60 coverage ratio, rent of $1,712/mo is 1.60 times the $1,070/mo payment. Rental yield 8.63%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $238,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $65,755; total projected cumulative return: $95,025.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.4% |
| Monthly Cash Flow | $(119) | $1,850 |
City averages based on Orland Park market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,712 |
| Total Monthly Debt Service | $1,556 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60462, Orland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,742 (100%) |
| Owner Occupied HU | 13,635 (81.4%) |
| Renter Occupied HU | 2,401 (14.3%) |
| Vacant Housing Units | 706 ( 4.2%) |
| Median Home Value | $345,523 |
| Average Home Value | $375,558 |
Housing Distribution
Address Breakdown
Residential
16,503
Single Family
12,458
Multi-Family
4,045
Businesses
1,643
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
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60462, Orland Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,742 (100%) |
| Owner Occupied HU | 13,635 (81.4%) |
| Renter Occupied HU | 2,401 (14.3%) |
| Vacant Housing Units | 706 ( 4.2%) |
| Median Home Value | $345,523 |
| Average Home Value | $375,558 |
Housing Distribution
Address Breakdown
Residential
16,503
Single Family
12,458
Multi-Family
4,045
Businesses
1,643
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kevin Burke, ABR,SRS • RE/MAX 10
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12547052