9724 W Creek Rd APT E2Palos ParkIL60464
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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 Palos Park at 9724 W Creek Rd APT E2, Palos Park, IL, 60464 listed at $284,999 pairs $1,907/mo rent with a $1,395/mo payment. Total monthly income runs $1,907/mo. Return on cash invested measures 19.02% in year one, and rental yield registers 8.03% at a $284,999 basis. Equity gained on principal adds $1,839/yr, and annual property appreciation at 5% supports $78,740 by year five. Five-year ROI tracks 99.1% and total cumulative return in cash totals $93,630. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,907/mo property income relative to a $1,395/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
2.30 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
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Listed by: Mimi Nolan • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12531588