223 Miami StPark ForestIL60466
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
Investment Highlights
Rental property for sale in Park Forest at 223 Miami St, Park Forest, IL, 60466 priced at $183,000 pairs $1,380/mo rent with $110/mo cash flow after a $896/mo payment. Total monthly income equals $1,380/mo, and annual cash flow comes to $1,324/yr on $60,665 invested. Return on cash invested is 22.09% in year one, and rental yield stands at 9.05% on a $183,000 basis. Equity gained on principal adds $1,181/yr, and 5% annual appreciation accumulates to $50,560 by year five. Five-year ROI measures 115.58% and total cumulative return in cash reaches $70,115. For financing, Ziffy Mortgage’s DSCR program evaluates $1,380/mo property income against a $896/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
8,311 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Quintero • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12512674