9721 S Cicero Ave APT 3EOak 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 9721 S Cicero Ave APT 3E, Oak Lawn, IL, 60453 generates $2,244/mo in rent and, after a $550/mo payment, leaves $1,240/mo in cash flow. Total monthly income is $2,244/mo, and annual cash flow is $14,877/yr on $37,227 invested. Return on cash invested sits at 59.87% in year one, and rental yield is 23.98% on a $112,300 entry. Equity gained on principal adds $725/yr, while 5% annual appreciation builds toward $31,026 over five years. Five-year ROI reaches 320.8% and total cumulative return in cash sums $119,426. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,244/mo property income rather than buyer’s personal income.
Condo
Built in 1965
0.39 Acres lot
$N/A/sqft
$225 monthly 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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