15636 Lockwood AveOak 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
Rental property for sale in Oak Forest at 15636 Lockwood Ave, Oak Forest, IL, 60452 generates $2,139/mo in rent and, after a $1,468/mo payment, leaves $59/mo in cash flow. Total monthly income is $2,139/mo, and annual cash flow is $704/yr on $99,417 invested. Return on cash invested sits at 20.62% in year one, and rental yield is 8.56% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 107.64% and total cumulative return in cash sums $107,008. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,139/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
9,324 sqft 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: Niki Rocco • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12524751