424 Elgin Ave APT 7Forest ParkIL60130
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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 Forest Park at 424 Elgin Ave APT 7, Forest Park, IL, 60130 listed at $195,000 pairs $1,867/mo rent with a $954/mo payment to leave $515/mo cash flow. Total monthly income runs $1,867/mo, and annual cash flow reaches $6,178/yr on $64,643 cash to close. Return on cash invested measures 29.47% in year one, and rental yield registers 11.49% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 155.06% and total cumulative return in cash totals $100,234. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,867/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60130, Forest Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 3,698 (45.3%) |
| Renter Occupied HU | 3,811 (46.7%) |
| Vacant Housing Units | 646 ( 7.9%) |
| Median Home Value | $348,058 |
| Average Home Value | $382,950 |
Housing Distribution
Address Breakdown
Residential
7,730
Single Family
3,523
Multi-Family
4,207
Businesses
567
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Listed by: Kelly Majewski • Skyward Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12522526