8707 N Oketo 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 8707 N Oketo Ave, Niles, IL, 60714 earns $2,345/mo cash flow from $7,200/mo rent with a $3,426/mo payment. Total monthly income totals $7,200/mo, and annual cash flow totals $28,140/yr on $230,267 capital. ROI tracks 32.28% on current figures, and rental yield reads 12.34% at a $699,900 purchase. Equity gained on principal adds $4,516/yr, and 5% annual appreciation supports $193,369 over five years. Five-year ROI reaches 170.16% and total cumulative return in cash sums $391,820. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,200/mo property income instead of your personal income.
Multi Family
Built in 1959
7,250 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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