604 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
Rental property for sale in Forreston at 604 N Walnut Ave, Forreston, IL, 61030 priced at $214,900 pairs $1,916/mo rent with $425/mo cash flow after a $1,052/mo payment. Total monthly income equals $1,916/mo, and annual cash flow comes to $5,103/yr on $71,239 invested. Return on cash invested is 27.07% in year one, and rental yield stands at 10.7% on a $214,900 basis. Equity gained on principal adds $1,387/yr, and 5% annual appreciation accumulates to $59,373 by year five. Five-year ROI measures 142.28% and total cumulative return in cash reaches $101,358. For financing, Ziffy Mortgage’s DSCR program evaluates $1,916/mo property income against a $1,052/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1938
22,407 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: Brenda Boynton • Nexthome First Class
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501489
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