8208 Cobblestone Dr Unit 1BPalos HillsIL60465
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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
Rental property for sale in Palos Hills at 8208 Cobblestone Dr Unit 1B, Palos Hills, IL, 60465 generates $2,352/mo in rent and, after a $1,248/mo payment, leaves $583/mo in cash flow. Total monthly income is $2,352/mo, and annual cash flow is $7,000/yr on $84,533 invested. Return on cash invested sits at 28.19% in year one, and rental yield is 11.07% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 148.27% and total cumulative return in cash sums $125,336. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,352/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60465, Palos Hills, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,724 (100%) |
| Owner Occupied HU | 5,615 (72.7%) |
| Renter Occupied HU | 1,732 (22.4%) |
| Vacant Housing Units | 377 ( 4.9%) |
| Median Home Value | $302,679 |
| Average Home Value | $305,512 |
Housing Distribution
Address Breakdown
Residential
7,553
Single Family
4,246
Multi-Family
3,307
Businesses
416
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Listed by: Steven Merritt • eXp Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12557865