503 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
Investment property for sale in Forreston at 503 N Walnut Ave, Forreston, IL, 61030 offers a 15.4% rental yield on a $149,000 purchase with $1,912/mo rent. Total monthly income registers $1,912/mo, and a $729/mo payment leaves $879/mo available for distribution. Annual cash flow reaches $10,545/yr on $49,394 to close, and return on cash invested stands at 41.26% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 218.32% and total cumulative return in cash at $107,836. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,912/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.61 Acres 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
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Listed by: Rebecca Hazzard • Re/Max Of Rock Valley
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202407020
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