407 Ashland Ave APT 5FRiver ForestIL60305
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 407 Ashland Ave APT 5F, River Forest, IL, 60305 in River Forest. Priced at $340,000, it generates $3,274/mo in gross rent and $915/mo in net monthly cash flow, a 11.55% yield that comfortably supports the 2.14 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,984. Five-year appreciation: $93,936. Equity from principal paydown: $3,131/yr. Total projected cumulative return: $188,951.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 5.2% |
| Monthly Cash Flow | $915 | $220 |
City averages based on River Forest market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,274 |
| Total Monthly Debt Service | $2,223 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1971
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
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
Condo
Built in 1971
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jean Reedy Baren, CRS,SFR • J.W. Reedy Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12523345