15850 Laramie Ave APT 301Oak 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 15850 Laramie Ave APT 301, Oak Forest, IL, 60452 earns $48/mo cash flow from $1,776/mo rent with a $1,028/mo payment. Total monthly income totals $1,776/mo, and annual cash flow totals $579/yr on $69,615 capital. ROI tracks 20.74% on current figures, and rental yield reads 10.15% at a $210,000 purchase. Equity gained on principal adds $1,355/yr, and 5% annual appreciation supports $58,019 over five years. Five-year ROI reaches 110.02% and total cumulative return in cash sums $76,588. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,776/mo property income instead of your personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
$271 monthly 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: Harry Ventimiglia • Keller Williams Preferred Rlty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12289555
Disclaimer: Based on information submitted to the MLS GRID as of 2025. 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)