320 Circle Ave APT 308Forest 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
Rental property for sale in Forest Park at 320 Circle Ave APT 308, Forest Park, IL, 60130 generates $1,041/mo in rent and, after a $636/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,041/mo, and annual cash flow is $1,677/yr on $43,062 invested. Return on cash invested sits at 23.8% in year one, and rental yield is 9.62% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 124.72% and total cumulative return in cash sums $53,707. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,041/mo property income rather than buyer’s personal income.
Condo
Built in 1972
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: Monika Luterek • RE/MAX City
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12468975