1501 Elgin AveForest ParkIL60130
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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 Forest Park at 1501 Elgin Ave, Forest Park, IL, 60130 generates $5,160/mo in rent and, after a $3,573/mo payment, leaves $98/mo in cash flow. Total monthly income is $5,160/mo, and annual cash flow is $1,173/yr on $240,137 invested. Return on cash invested sits at 20.55% in year one, and rental yield is 8.48% on a $729,900 entry. Equity gained on principal adds $4,710/yr, while 5% annual appreciation builds toward $201,658 over five years. Five-year ROI reaches 107.23% and total cumulative return in cash sums $257,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,160/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
5,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60130, Forest Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 3,698 (45.3%) |
| Renter Occupied HU | 3,811 (46.7%) |
| Vacant Housing Units | 646 ( 7.9%) |
| Median Home Value | $348,058 |
| Average Home Value | $382,950 |
Housing Distribution
Address Breakdown
Residential
7,730
Single Family
3,523
Multi-Family
4,207
Businesses
567
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Listed by: Aaron Vanderbilt • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12546574