1606 Forest RdLa Grange ParkIL60526
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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 La Grange Park at 1606 Forest Rd, La Grange Park, IL, 60526 generates $3,013/mo in rent and, after a $1,992/mo payment, leaves $190/mo in cash flow. Total monthly income is $3,013/mo, and annual cash flow is $2,280/yr on $134,921 invested. Return on cash invested sits at 21.6% in year one, and rental yield is 8.88% on a $407,000 entry. Equity gained on principal adds $2,626/yr, while 5% annual appreciation builds toward $112,447 over five years. Five-year ROI reaches 112.92% and total cumulative return in cash sums $152,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,013/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
6,674 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60526, La Grange Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,438 (100%) |
| Owner Occupied HU | 3,746 (68.9%) |
| Renter Occupied HU | 1,179 (21.7%) |
| Vacant Housing Units | 513 ( 9.4%) |
| Median Home Value | $424,827 |
| Average Home Value | $477,332 |
Housing Distribution
Address Breakdown
Residential
5,353
Single Family
3,847
Multi-Family
1,506
Businesses
176
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