407 Ashland Ave APT 3GRiver ForestIL60305
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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 River Forest at 407 Ashland Ave APT 3G, River Forest, IL, 60305 uses $128,589 cash to close to unlock $828/yr annual cash flow and $69/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,899/mo payment keeps the spread at $69/mo. Purchase price stands at $387,900, and rental yield measures 8.54% with $2,760/mo rent. Return on cash invested shows 20.55% in year one, and 5% annual appreciation builds toward $107,170 over five years. Five-year ROI reaches 107.32% and total cumulative return in cash records $137,997. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,899/mo payment rather than investor’s personal income.
Condo
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60305, River Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,291 (100%) |
| Owner Occupied HU | 3,492 (81.4%) |
| Renter Occupied HU | 515 (12.0%) |
| Vacant Housing Units | 284 ( 6.6%) |
| Median Home Value | $693,745 |
| Average Home Value | $736,041 |
Housing Distribution
Address Breakdown
Residential
4,222
Single Family
2,966
Multi-Family
1,256
Businesses
420
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Listed by: Sheila Means • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12299715