407 E Forestwood StMortonIL61550
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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 Morton at 407 E Forestwood St, Morton, IL, 61550 at $289,900 posts ROI 22.46% with $204/mo cash flow from $2,233/mo rent. Total monthly income equals $2,233/mo, and annual cash flow records $2,454/yr on $96,102 to close. Return on cash invested measures 22.46% and rental yield reads 9.24% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 117.61% and total cumulative return in cash totals $113,025.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,233/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1968
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61550, Morton, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,208 (100%) |
| Owner Occupied HU | 6,070 (74.0%) |
| Renter Occupied HU | 1,646 (20.1%) |
| Vacant Housing Units | 492 ( 6.0%) |
| Median Home Value | $256,664 |
| Average Home Value | $269,464 |
Housing Distribution
Address Breakdown
Residential
8,202
Single Family
7,148
Multi-Family
1,054
Businesses
735
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Listed by: Kristine Kniep • RE/MAX Traders Unlimited
Mls Name: RMLS Alliance
Mls Provider:
Mls ID: #PA1256200
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.