8801 W Golf Rd APT 6JNilesIL60714
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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 8801 W Golf Rd APT 6J, Niles, IL, 60714 offers a 11.77% rental yield on a $259,888 purchase with $2,550/mo rent. Total monthly income registers $2,550/mo, and a $1,272/mo payment leaves $747/mo available for distribution. Annual cash flow reaches $8,969/yr on $86,153 to close, and return on cash invested stands at 30.32% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,802 over five years. Portfolio math shows five-year ROI at 159.67% and total cumulative return in cash at $137,562. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,550/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A 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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