306 Winnebago StPark ForestIL60466
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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 306 Winnebago St, Park Forest, IL, 60466 offers $813/mo rent that, after a $514/mo payment, leaves $85/mo cash flow. Total monthly income is $813/mo, and annual cash flow is $1,015/yr on $34,808 cash. Return on cash invested measures 22.83% in year one, and rental yield stands at 9.29% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 119.5% and total cumulative return in cash reaches $41,594. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $813/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
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
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Listed by: Stratos Rounis • SR Realty Group Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12544098