246 Park AveLake ForestIL60045
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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
Rental property for sale in Lake Forest at 246 Park Ave, Lake Forest, IL, 60045 priced at $599,000 pairs $5,400/mo rent with $1,245/mo cash flow after a $2,932/mo payment. Total monthly income equals $5,400/mo, and annual cash flow comes to $14,940/yr on $197,071 invested. Return on cash invested is 27.64% in year one, and rental yield stands at 10.82% on a $599,000 basis. Equity gained on principal adds $3,865/yr, and 5% annual appreciation accumulates to $165,493 by year five. Five-year ROI measures 145.29% and total cumulative return in cash reaches $286,318. For financing, Ziffy Mortgage’s DSCR program evaluates $5,400/mo property income against a $2,932/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
10,798 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60045, Lake Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,454 (100%) |
| Owner Occupied HU | 6,675 (79.0%) |
| Renter Occupied HU | 1,030 (12.2%) |
| Vacant Housing Units | 749 ( 8.9%) |
| Median Home Value | $893,908 |
| Average Home Value | $1,015,890 |
Housing Distribution
Address Breakdown
Residential
8,147
Single Family
7,248
Multi-Family
899
Businesses
890
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Listed by: Susan Amory Weninger • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12497321