178 Monee RdPark ForestIL60466
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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 Park Forest at 178 Monee Rd, Park Forest, IL, 60466 offers a 9.24% rental yield on a $189,900 purchase with $1,462/mo rent. Total monthly income registers $1,462/mo, and a $929/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,743/yr on $62,952 to close, and return on cash invested stands at 22.68% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 118.73% and total cumulative return in cash at $74,741. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,462/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60466, Park Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,742 (100%) |
| Owner Occupied HU | 5,723 (58.7%) |
| Renter Occupied HU | 3,056 (31.4%) |
| Vacant Housing Units | 963 ( 9.9%) |
| Median Home Value | $105,193 |
| Average Home Value | $149,090 |
Housing Distribution
Address Breakdown
Residential
9,161
Single Family
8,386
Multi-Family
775
Businesses
316
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Listed by: Shannon Senter • Crosstown Realtors, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12505017