7753 N Nordica AveNilesIL60714
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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 Niles at 7753 N Nordica Ave, Niles, IL, 60714 offers a 11.41% rental yield on a $355,500 purchase with $3,379/mo rent. Total monthly income registers $3,379/mo, and a $1,740/mo payment leaves $913/mo available for distribution. Annual cash flow reaches $10,958/yr on $117,848 to close, and return on cash invested stands at 29.21% in year one. Equity gained on principal adds $2,294/yr while 5% annual appreciation supports $98,218 over five years. Portfolio math shows five-year ROI at 153.71% and total cumulative return in cash at $181,141. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,379/mo property income against a $1,740/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1966
2,187 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60714, Niles, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,300 (100%) |
| Owner Occupied HU | 9,267 (69.7%) |
| Renter Occupied HU | 3,267 (24.6%) |
| Vacant Housing Units | 766 ( 5.8%) |
| Median Home Value | $355,617 |
| Average Home Value | $390,652 |
Housing Distribution
Address Breakdown
Residential
12,138
Single Family
8,229
Multi-Family
3,909
Businesses
1,257
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