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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Park Forest at 2224 W Wolpers Rd, Park Forest, IL, 60466 with 5% annual appreciation on a $244,900 basis while $2,988/mo rent supports operations. Total monthly income totals $2,988/mo and a $1,199/mo payment preserves $1,170/mo for cash returns. Annual cash flow comes to $14,035/yr on $81,184 deployed, and return on cash invested reaches 37.2% in year one. Equity gained on principal adds $1,580/yr, and five-year appreciation sums $67,661 alongside rental yield of 14.64%. Five-year ROI measures 197.2% and total cumulative return in cash totals $160,097.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,988/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 60466, Park Forest, IL area.
| 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 |
Residential
9,161
Single Family
8,386
Multi-Family
775
Businesses
316
Date | Event | Price |
|---|---|---|
| 2024-07-10 | Listed for sale | $244,900 |
| 2024-07-01 | Contingent | $244,900 |
| 2024-06-18 | Price change | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-01-10 | $6209.38 | 11.63% | $66,684 | 9.22% |
| 2021-01-10 | $5562.26 | 4.27% | $61,055 | 6.70% |
| 2020-01-10 | $5334.24 | 4.55% | $57,221 | 6.40% |
Listed by: Suzanne Herrmann • McColly Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #11977263
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)
