8714 W 123rd StPalos ParkIL60464
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 Palos Park at 8714 W 123rd St, Palos Park, IL, 60464 generates $5,684/mo in rent and, after a $3,666/mo payment, leaves $489/mo in cash flow. Total monthly income is $5,684/mo, and annual cash flow is $5,865/yr on $246,421 invested. Return on cash invested sits at 22.44% in year one, and rental yield is 9.11% on a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation builds toward $206,935 over five years. Five-year ROI reaches 117.37% and total cumulative return in cash sums $289,228. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,684/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60464, Palos Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,432 (82.9%) |
| Renter Occupied HU | 420 (10.1%) |
| Vacant Housing Units | 289 ( 7.0%) |
| Median Home Value | $446,879 |
| Average Home Value | $505,444 |
Housing Distribution
Address Breakdown
Residential
4,028
Single Family
3,279
Multi-Family
749
Businesses
197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kirby Pearson • Pearson Realty Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12413518