16749 Meadowdale DrOak 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 16749 Meadowdale Dr, Oak Forest, IL, 60452 uses $38,089 cash to close to unlock $1,277/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $903/mo, and a $562/mo payment keeps the spread at $106/mo. Purchase price stands at $114,900, and rental yield measures 9.43% with $903/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 121.87% and total cumulative return in cash records $46,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $903/mo property income covering a $562/mo payment rather than investor’s personal income.
Single Family
Built in 1969
7,383 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: Mary DeLaLeurs • Torg Realty Inc
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12446434