424 Park Ave APT 204River ForestIL60305
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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 River Forest at 424 Park Ave APT 204, River Forest, IL, 60305 earns from $1,985/mo rent with a $1,436/mo payment. Total monthly income totals $1,985/mo. ROI tracks 19.29% on current figures, and rental yield reads 8.12% at a $293,330 purchase. Equity gained on principal adds $1,893/yr, and 5% annual appreciation supports $81,042 over five years. Five-year ROI reaches 100.56% and total cumulative return in cash sums $97,782. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,985/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: 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
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Listed by: Joni Chandler • HomeSmart Connect LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12530040