115 Willow StPark ForestIL60466
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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
Rental property for sale in Park Forest at 115 Willow St, Park Forest, IL, 60466 priced at $177,000 converts $1,417/mo rent into $190/mo cash flow after a $866/mo obligation. Total monthly income equals $1,417/mo, and annual cash flow totals $2,275/yr on $58,676 invested. Return on cash invested prints 23.79% in year one, and rental yield reads 9.61% against a $177,000 entry. Equity gained on principal adds $1,142/yr, while 5% annual appreciation compiles into $48,902 by year five. Five-year ROI reaches 124.65% and total cumulative return in cash sums $73,139. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,417/mo property income covering a $866/mo payment, not borrower’s personal income.
Single Family
Built in 1956
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60466, Park Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,742 (100%) |
| Owner Occupied HU | 5,723 (58.7%) |
| Renter Occupied HU | 3,056 (31.4%) |
| Vacant Housing Units | 963 ( 9.9%) |
| Median Home Value | $105,193 |
| Average Home Value | $149,090 |
Housing Distribution
Address Breakdown
Residential
9,161
Single Family
8,386
Multi-Family
775
Businesses
316
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Listed by: Leslie Levy • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12555436