9804 Mill Dr W APT E1Palos ParkIL60464
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9804 Mill Dr W APT E1, Palos Park, IL, 60464 uses $89,174 cash to close to unlock $681/yr annual cash flow and $57/mo monthly cash flow. Total monthly income runs $1,923/mo, and a $1,317/mo payment keeps the spread at $57/mo. Purchase price stands at $269,000, and rental yield measures 8.58% with $1,923/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 107.92% and total cumulative return in cash records $96,239. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,923/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A