118 Well 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 118 Well St, Park Forest, IL, 60466 priced at $164,900 converts $1,286/mo rent into $142/mo cash flow after a $807/mo obligation. Total monthly income equals $1,286/mo, and annual cash flow totals $1,708/yr on $54,664 invested. Return on cash invested prints 23.03% in year one, and rental yield reads 9.36% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 120.66% and total cumulative return in cash sums $65,956. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,286/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1957
N/A 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: Isaias Vargas • Realty of America, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12561254