56 Forest Ave APT 1NRiversideIL60546
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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 Riverside at 56 Forest Ave APT 1N, Riverside, IL, 60546 uses $52,709 cash to close to unlock $5,116/yr annual cash flow and $426/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $778/mo payment keeps the spread at $426/mo. Purchase price stands at $159,000, and rental yield measures 11.54% with $1,529/mo rent. Return on cash invested shows 29.62% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 155.95% and total cumulative return in cash records $82,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $778/mo payment rather than investor’s personal income.
Condo
Built in 1925
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60546, Riverside, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,659 (100%) |
| Owner Occupied HU | 4,779 (71.8%) |
| Renter Occupied HU | 1,536 (23.1%) |
| Vacant Housing Units | 344 ( 5.2%) |
| Median Home Value | $391,425 |
| Average Home Value | $462,132 |
Housing Distribution
Address Breakdown
Residential
6,447
Single Family
5,161
Multi-Family
1,286
Businesses
634
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