1535 Forest Ave APT 506River ForestIL60305
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 River Forest at 1535 Forest Ave APT 506, River Forest, IL, 60305 uses $109,362 cash to close to unlock $27,605/yr annual cash flow and $2,300/mo monthly cash flow. Total monthly income runs $5,089/mo, and a $1,615/mo payment keeps the spread at $2,300/mo. Purchase price stands at $329,900, and rental yield measures 18.51% with $5,089/mo rent. Return on cash invested shows 45.15% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 241.18% and total cumulative return in cash records $263,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,089/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60305, River Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,291 (100%) |
| Owner Occupied HU | 3,492 (81.4%) |
| Renter Occupied HU | 515 (12.0%) |
| Vacant Housing Units | 284 ( 6.6%) |
| Median Home Value | $693,745 |
| Average Home Value | $736,041 |
Housing Distribution
Address Breakdown
Residential
4,222
Single Family
2,966
Multi-Family
1,256
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon Theodore • Stonetrust Realty Group, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12135294
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)