404 Forrest LnGenoaIL60135
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 Genoa at 404 Forrest Ln, Genoa, IL, 60135 priced at $325,000 converts $2,854/mo rent into $599/mo cash flow after a $1,591/mo obligation. Total monthly income equals $2,854/mo, and annual cash flow totals $7,193/yr on $107,738 invested. Return on cash invested prints 26.59% in year one, and rental yield reads 10.54% against a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation compiles into $89,792 by year five. Five-year ROI reaches 139.64% and total cumulative return in cash sums $150,445. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,854/mo property income covering a $1,591/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60135, Genoa, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,846 (100%) |
| Owner Occupied HU | 2,162 (76.0%) |
| Renter Occupied HU | 589 (20.7%) |
| Vacant Housing Units | 95 ( 3.3%) |
| Median Home Value | $254,808 |
| Average Home Value | $285,332 |
Housing Distribution
Address Breakdown
Residential
2,807
Single Family
2,662
Multi-Family
145
Businesses
180
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices