8815 W Golf Rd APT 6DNilesIL60714
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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 8815 W Golf Rd APT 6D, Niles, IL, 60714 listed at $194,900 pairs $1,546/mo rent with a $954/mo payment to leave $194/mo cash flow. Total monthly income runs $1,546/mo, and annual cash flow reaches $2,329/yr on $64,609 cash to close. Return on cash invested measures 23.51% in year one, and rental yield registers 9.52% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 123.22% and total cumulative return in cash totals $79,611. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,546/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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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