310 New Salem 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 310 New Salem St, Park Forest, IL, 60466 with 5% annual appreciation on a $160,000 basis while $1,264/mo rent supports operations. Total monthly income totals $1,264/mo and a $783/mo payment preserves $154/mo for cash returns. Annual cash flow comes to $1,852/yr on $53,040 deployed, and return on cash invested reaches 23.4% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,205 alongside rental yield of 9.48%. Five-year ROI measures 122.58% and total cumulative return in cash totals $65,018.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,264/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
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: Lorraine Lanigan • Village Realty, Inc.
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12386713