424 Elgin Ave APT 8Forest 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 8, Forest Park, IL, 60130 earns $126/mo cash flow from $993/mo rent with a $612/mo payment. Total monthly income totals $993/mo, and annual cash flow totals $1,509/yr on $41,438 capital. ROI tracks 23.55% on current figures, and rental yield reads 9.53% at a $125,000 purchase. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 over five years. Five-year ROI reaches 123.38% and total cumulative return in cash sums $51,125. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $993/mo property income instead of your personal income.
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: Robert Hann • Berkshire Hathaway HomeServices Chicago
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12464451