1131 Fairview AveLake ForestIL60045
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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 Lake Forest at 1131 Fairview Ave, Lake Forest, IL, 60045 priced at $814,900 pairs $6,421/mo rent with $768/mo cash flow after a $3,989/mo payment. Total monthly income equals $6,421/mo, and annual cash flow comes to $9,219/yr on $268,102 invested. Return on cash invested is 23.5% in year one, and rental yield stands at 9.46% on a $814,900 basis. Equity gained on principal adds $5,258/yr, and 5% annual appreciation accumulates to $225,142 by year five. Five-year ROI measures 123.05% and total cumulative return in cash reaches $329,910. For financing, Ziffy Mortgage’s DSCR program evaluates $6,421/mo property income against a $3,989/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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Listed by: Frank DeNovi • Compass
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12154209
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)