8903 Central AveOak LawnIL60453
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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 Oak Lawn at 8903 Central Ave, Oak Lawn, IL, 60453 generates $2,869/mo in rent and, after a $1,512/mo payment, leaves $726/mo in cash flow. Total monthly income is $2,869/mo, and annual cash flow is $8,713/yr on $102,434 invested. Return on cash invested sits at 28.42% in year one, and rental yield is 11.14% on a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 149.46% and total cumulative return in cash sums $153,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,869/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60453, Oak Lawn, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,136 (100%) |
| Owner Occupied HU | 17,786 (76.9%) |
| Renter Occupied HU | 4,209 (18.2%) |
| Vacant Housing Units | 1,141 ( 4.9%) |
| Median Home Value | $290,812 |
| Average Home Value | $300,700 |
Housing Distribution
Address Breakdown
Residential
23,037
Single Family
15,931
Multi-Family
7,106
Businesses
1,260
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