121 E James StForrestIL61741
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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 Forrest at 121 E James St, Forrest, IL, 61741 priced at $134,900 converts $1,022/mo rent into $87/mo cash flow after a $660/mo obligation. Total monthly income equals $1,022/mo, and annual cash flow totals $1,039/yr on $44,719 invested. Return on cash invested prints 22.23% in year one, and rental yield reads 9.09% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 116.34% and total cumulative return in cash sums $52,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,022/mo property income covering a $660/mo payment, not borrower’s personal income.
Single Family
Built in 1934
9,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61741, Forrest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 475 (70.7%) |
| Renter Occupied HU | 116 (17.3%) |
| Vacant Housing Units | 81 (12.1%) |
| Median Home Value | $159,789 |
| Average Home Value | $183,263 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
195
Multi-Family
5
Businesses
61
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