411 N Walnut AveForrestonIL61030
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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 Forreston at 411 N Walnut Ave, Forreston, IL, 61030 priced at $119,200 converts $0/mo rent into after a $583/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.19% in year one, and rental yield reads 0% against a $119,200 entry. Equity gained on principal adds $769/yr, while 5% annual appreciation compiles into $32,933 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $583/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 61030, Forreston, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 711 (72.2%) |
| Renter Occupied HU | 187 (19.0%) |
| Vacant Housing Units | 87 ( 8.8%) |
| Median Home Value | $176,535 |
| Average Home Value | $237,078 |
Housing Distribution
Address Breakdown
Residential
756
Single Family
728
Multi-Family
28
Businesses
66
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices