15818 Terrace Dr UNIT R3Oak ForestIL60452
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 Oak Forest at 15818 Terrace Dr UNIT R3, Oak Forest, IL, 60452 earns $179/mo cash flow from $1,323/mo rent with a $807/mo payment. Total monthly income totals $1,323/mo, and annual cash flow totals $2,152/yr on $54,664 capital. ROI tracks 23.85% on current figures, and rental yield reads 9.63% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 124.98% and total cumulative return in cash sums $68,320. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,323/mo property income instead of your personal income.
Condo
Built in 1975
4,800 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brent Wilk • Wilk Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12549183