138 Algonquin 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 138 Algonquin St, Park Forest, IL, 60466 priced at $173,000 converts $1,336/mo rent into $136/mo cash flow after a $847/mo obligation. Total monthly income equals $1,336/mo, and annual cash flow totals $1,629/yr on $57,350 invested. Return on cash invested prints 22.75% in year one, and rental yield reads 9.27% against a $173,000 entry. Equity gained on principal adds $1,116/yr, while 5% annual appreciation compiles into $47,797 by year five. Five-year ROI reaches 119.06% and total cumulative return in cash sums $68,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,336/mo property income covering a $847/mo payment, not borrower’s personal income.
Single Family
Built in 1954
8,400 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: Earlene Slusher • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12477160