8037 N Oriole 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 8037 N Oriole Ave, Niles, IL, 60714 uses $213,521 cash to close to unlock $32,375/yr annual cash flow and $2,698/mo monthly cash flow. Total monthly income runs $7,200/mo, and a $3,177/mo payment keeps the spread at $2,698/mo. Purchase price stands at $649,000, and rental yield measures 13.31% with $7,200/mo rent. Return on cash invested shows 35.22% in year one, and 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 185.91% and total cumulative return in cash records $396,960. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,200/mo property income covering a $3,177/mo payment rather than investor’s personal income.
Multi Family
Built in 1960
6,072 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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