8204 W Oak AveNilesIL60714
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
Investment Highlights
Rental property for sale in Niles at 8204 W Oak Ave, Niles, IL, 60714 priced at $757,900 converts $4,518/mo rent into after a $3,710/mo obligation. Total monthly income equals $4,518/mo. Return on cash invested prints 16.5% in year one, and rental yield reads 7.15% against a $757,900 entry. Equity gained on principal adds $4,891/yr, while 5% annual appreciation compiles into $209,394 by year five. Five-year ROI reaches 85.53% and total cumulative return in cash sums $213,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,518/mo property income covering a $3,710/mo payment, not borrower’s personal income.
Single Family
Built in 2007
6,597 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices