16508 Brockton LnOak 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 16508 Brockton Ln, Oak Forest, IL, 60452 uses $97,793 cash to close to unlock $7,400/yr annual cash flow and $617/mo monthly cash flow. Total monthly income runs $2,663/mo, and a $1,444/mo payment keeps the spread at $617/mo. Purchase price stands at $295,000, and rental yield measures 10.83% with $2,663/mo rent. Return on cash invested shows 27.48% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 144.42% and total cumulative return in cash records $141,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,663/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1966
7,280 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: Matthew Murphy • RE/MAX 10 in the Park
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12546250