306 E Martin StForrestIL61741
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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 Forrest at 306 E Martin St, Forrest, IL, 61741 listed at $118,500 pairs $1,016/mo rent with a $580/mo payment to leave $194/mo cash flow. Total monthly income runs $1,016/mo, and annual cash flow reaches $2,329/yr on $39,283 cash to close. Return on cash invested measures 25.84% in year one, and rental yield registers 10.29% at a $118,500 basis. Equity gained on principal adds $765/yr, and annual property appreciation at 5% supports $32,739 by year five. Five-year ROI tracks 135.73% and total cumulative return in cash totals $53,320. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,016/mo property income relative to a $580/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1894
4,224 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61741, Forrest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 672 (100%) |
| Owner Occupied HU | 475 (70.7%) |
| Renter Occupied HU | 116 (17.3%) |
| Vacant Housing Units | 81 (12.1%) |
| Median Home Value | $159,789 |
| Average Home Value | $183,263 |
Housing Distribution
Address Breakdown
Residential
200
Single Family
195
Multi-Family
5
Businesses
61
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