273 Mohawk StPark 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 273 Mohawk St, Park Forest, IL, 60466 uses $36,465 cash to close to unlock $905/yr annual cash flow and $75/mo monthly cash flow. Total monthly income runs $838/mo, and a $538/mo payment keeps the spread at $75/mo. Purchase price stands at $110,000, and rental yield measures 9.14% with $838/mo rent. Return on cash invested shows 22.39% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 117.22% and total cumulative return in cash records $42,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $838/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,820 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
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Listed by: Frank Montro • Keller Williams Preferred Rlty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12500925