7050 183rd St UNIT 409Tinley 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 7050 183rd St UNIT 409, Tinley Park, IL, 60477 offers a 13.21% rental yield on a $296,200 purchase with $3,260/mo rent. Total monthly income registers $3,260/mo, and a $1,450/mo payment leaves $816/mo available for distribution. Annual cash flow reaches $9,790/yr on $98,190 to close, and return on cash invested stands at 29.88% in year one. Equity gained on principal adds $1,911/yr while 5% annual appreciation supports $81,835 over five years. Portfolio math shows five-year ROI at 159% and total cumulative return in cash at $156,127. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,260/mo property income against a $1,450/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
2.64 Acres lot
$N/A/sqft
$226 monthly 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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