240 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
Investment property for sale in Park Forest at 240 Miami St, Park Forest, IL, 60466 offers a 9.64% rental yield on a $126,900 purchase with $1,019/mo rent. Total monthly income registers $1,019/mo, and a $621/mo payment leaves $139/mo available for distribution. Annual cash flow reaches $1,667/yr on $42,067 to close, and return on cash invested stands at 23.87% in year one. Equity gained on principal adds $819/yr while 5% annual appreciation supports $35,060 over five years. Portfolio math shows five-year ROI at 125.09% and total cumulative return in cash at $52,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,019/mo property income against a $621/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
7,200 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: Shonda Ghoston • Compass
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12502129