1008 Lathrop AveForest ParkIL60130
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
Rental property for sale in Forest Park at 1008 Lathrop Ave, Forest Park, IL, 60130 generates $3,205/mo in rent and, after a $2,080/mo payment, leaves $257/mo in cash flow. Total monthly income is $3,205/mo, and annual cash flow is $3,087/yr on $140,888 invested. Return on cash invested sits at 22.1% in year one, and rental yield is 9.05% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 115.58% and total cumulative return in cash sums $162,845. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,205/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
4,092 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60130, Forest Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 3,698 (45.3%) |
| Renter Occupied HU | 3,811 (46.7%) |
| Vacant Housing Units | 646 ( 7.9%) |
| Median Home Value | $348,058 |
| Average Home Value | $382,950 |
Housing Distribution
Address Breakdown
Residential
7,730
Single Family
3,523
Multi-Family
4,207
Businesses
567
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Pasquesi • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12451781