1461 Forest AveCalumet CityIL60409
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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 Calumet City at 1461 Forest Ave, Calumet City, IL, 60409 earns $176/mo cash flow from $1,389/mo rent with a $856/mo payment. Total monthly income totals $1,389/mo, and annual cash flow totals $2,111/yr on $57,979 capital. ROI tracks 23.55% on current figures, and rental yield reads 9.53% at a $174,900 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,322 over five years. Five-year ROI reaches 123.35% and total cumulative return in cash sums $71,520. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,389/mo property income instead of your personal income.
Single Family
Built in 1959
5,175 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60409, Calumet City, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,591 (100%) |
| Owner Occupied HU | 7,702 (49.4%) |
| Renter Occupied HU | 6,094 (39.1%) |
| Vacant Housing Units | 1,795 (11.5%) |
| Median Home Value | $144,203 |
| Average Home Value | $224,136 |
Housing Distribution
Address Breakdown
Residential
14,273
Single Family
9,904
Multi-Family
4,369
Businesses
874
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Listed by: Linda Seyller • RE/MAX 10
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12465889