7048 Oconnell Dr APT 2EChicago RidgeIL60415
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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 Chicago Ridge at 7048 Oconnell Dr APT 2E, Chicago Ridge, IL, 60415 earns $143/mo cash flow from $1,232/mo rent with a $768/mo payment. Total monthly income totals $1,232/mo, and annual cash flow totals $1,721/yr on $52,046 capital. ROI tracks 23.22% on current figures, and rental yield reads 9.42% at a $157,000 purchase. Equity gained on principal adds $1,013/yr, and 5% annual appreciation supports $43,376 over five years. Five-year ROI reaches 121.62% and total cumulative return in cash sums $63,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,232/mo property income instead of your personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60415, Chicago Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,877 (100%) |
| Owner Occupied HU | 2,916 (49.6%) |
| Renter Occupied HU | 2,640 (44.9%) |
| Vacant Housing Units | 321 ( 5.5%) |
| Median Home Value | $239,402 |
| Average Home Value | $294,268 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
2,127
Multi-Family
3,692
Businesses
505
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Listed by: Kimberly Augustin • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12456971