316 W John StForrestIL61741
Nearby investment properties with comparable rents
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 Forrest at 316 W John St, Forrest, IL, 61741 offers $1,934/mo rent that, after a $874/mo payment, leaves $696/mo cash flow. Total monthly income is $1,934/mo, and annual cash flow is $8,347/yr on $59,173 cash. Return on cash invested measures 34.01% in year one, and rental yield stands at 13% at a $178,500 entry. Equity gained on principal adds $1,152/yr while 5% annual appreciation compounds into $49,316 by year five. Five-year ROI records 179.5% and total cumulative return in cash reaches $106,214. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,934/mo property income versus a $874/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
0.34 Acres 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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