16042 Forest AveOak ForestIL60452
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 16042 Forest Ave, Oak Forest, IL, 60452 in Oak Forest at $285,000 earns $2,012/mo in rent and nets $35/mo after the $1,282/mo payment, a 8.47% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $78,740 over five years. Ziffy Mortgage underwrites this on a 1.57 DSCR without U.S. credit history. With $2,625/yr in principal paydown, total projected return reaches $111,275.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.5% |
| Monthly Cash Flow | $35 | $250 |
City averages based on Oak Forest market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,012 |
| Total Monthly Debt Service | $1,863 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1980
6,700 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
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
Single Family
Built in 1980
6,700 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: Alexis Bouley • Healy Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12520108