1301 N Western Ave UNIT 134Lake ForestIL60045
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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
Investment property for sale in Lake Forest at 1301 N Western Ave UNIT 134, Lake Forest, IL, 60045 uses $62,654 cash to close to unlock $1,465/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $1,433/mo, and a $925/mo payment keeps the spread at $122/mo. Purchase price stands at $189,000, and rental yield measures 9.1% with $1,433/mo rent. Return on cash invested shows 22.25% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 116.43% and total cumulative return in cash records $72,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,433/mo property income covering a $925/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A 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: Deborah Kiddle • HomeSmart Connect
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12486197