310 Lathrop Ave APT 307Forest ParkIL60130
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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 Forest Park at 310 Lathrop Ave APT 307, Forest Park, IL, 60130 offers a 9.2% rental yield on a $135,000 purchase with $1,035/mo rent. Total monthly income registers $1,035/mo, and a $661/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,180/yr on $44,753 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 118.06% and total cumulative return in cash at $52,837. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,035/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60130, Forest Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 3,698 (45.3%) |
| Renter Occupied HU | 3,811 (46.7%) |
| Vacant Housing Units | 646 ( 7.9%) |
| Median Home Value | $348,058 |
| Average Home Value | $382,950 |
Housing Distribution
Address Breakdown
Residential
7,730
Single Family
3,523
Multi-Family
4,207
Businesses
567
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Listed by: Marisol Finnegan • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12519393