438 Tamarack StPark ForestIL60466
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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 Park Forest at 438 Tamarack St, Park Forest, IL, 60466 uses $115,992 cash to close to unlock $751/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $2,490/mo, and a $1,713/mo payment keeps the spread at $63/mo. Purchase price stands at $349,900, and rental yield measures 8.54% with $2,490/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 107.3% and total cumulative return in cash records $124,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60466, Park Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,742 (100%) |
| Owner Occupied HU | 5,723 (58.7%) |
| Renter Occupied HU | 3,056 (31.4%) |
| Vacant Housing Units | 963 ( 9.9%) |
| Median Home Value | $105,193 |
| Average Home Value | $149,090 |
Housing Distribution
Address Breakdown
Residential
9,161
Single Family
8,386
Multi-Family
775
Businesses
316
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Listed by: Leah Marable • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12430180