111 S 4th AveForrestonIL61030
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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 Forreston at 111 S 4th Ave, Forreston, IL, 61030 uses $64,643 cash to close to unlock $8,062/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $2,024/mo, and a $954/mo payment keeps the spread at $672/mo. Purchase price stands at $195,000, and rental yield measures 12.46% with $2,024/mo rent. Return on cash invested shows 32.38% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 170.71% and total cumulative return in cash records $110,350. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,024/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1880
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61030, Forreston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 711 (72.2%) |
| Renter Occupied HU | 187 (19.0%) |
| Vacant Housing Units | 87 ( 8.8%) |
| Median Home Value | $176,535 |
| Average Home Value | $237,078 |
Housing Distribution
Address Breakdown
Residential
756
Single Family
728
Multi-Family
28
Businesses
66
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Listed by: STEPHEN "HENRY" CLAY • Jim Sullivan Realty
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202502336
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.