17 Forest AveRiver ForestIL60305
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 17 Forest Ave, River Forest, IL, 60305 in River Forest is capital appreciation. Rental yield 3.77%. The 3.77% gross yield at $649,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $179,307 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.70) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $89,803.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 5.2% |
| Monthly Cash Flow | $(2,747) | $220 |
City averages based on River Forest market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,040 |
| Total Monthly Debt Service | $4,243 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Townhouse
Built in 2018
2,525 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60305, River Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,291 (100%) |
| Owner Occupied HU | 3,492 (81.4%) |
| Renter Occupied HU | 515 (12.0%) |
| Vacant Housing Units | 284 ( 6.6%) |
| Median Home Value | $693,745 |
| Average Home Value | $736,041 |
Housing Distribution
Address Breakdown
Residential
4,222
Single Family
2,966
Multi-Family
1,256
Businesses
420
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
Townhouse
Built in 2018
2,525 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60305, River Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,291 (100%) |
| Owner Occupied HU | 3,492 (81.4%) |
| Renter Occupied HU | 515 (12.0%) |
| Vacant Housing Units | 284 ( 6.6%) |
| Median Home Value | $693,745 |
| Average Home Value | $736,041 |
Housing Distribution
Address Breakdown
Residential
4,222
Single Family
2,966
Multi-Family
1,256
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12555970