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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Park Forest at 116 Walnut St, Park Forest, IL, 60466 offers $1,585/mo rent that, after a $1,126/mo payment. Total monthly income is $1,585/mo. Return on cash invested measures 19.74% in year one, and rental yield stands at 8.27% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 102.96% and total cumulative return in cash reaches $78,499. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,585/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,125 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60466, Park Forest, IL area.
| 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 |
Residential
9,161
Single Family
8,386
Multi-Family
775
Businesses
316
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Melinda Jordan • Jameson Sotheby's Intl Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12492766
