15505 Cicero Ave Unit 3DOak ForestIL60452
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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 Oak Forest at 15505 Cicero Ave Unit 3D, Oak Forest, IL, 60452 offers a 8.47% rental yield on a $239,900 purchase with $1,693/mo rent. Total monthly income registers $1,693/mo, and a $1,174/mo payment leaves $29/mo available for distribution. Annual cash flow reaches $350/yr on $79,527 to close, and return on cash invested stands at 20.35% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 106.24% and total cumulative return in cash at $84,487. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,693/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60452, Oak Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,565 (100%) |
| Owner Occupied HU | 8,125 (76.9%) |
| Renter Occupied HU | 2,048 (19.4%) |
| Vacant Housing Units | 392 ( 3.7%) |
| Median Home Value | $264,291 |
| Average Home Value | $278,933 |
Housing Distribution
Address Breakdown
Residential
10,358
Single Family
8,335
Multi-Family
2,023
Businesses
549
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Listed by: Jose Aguilar • Realty of America, LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12551048