604 N Walnut AveForrestonIL61030
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 604 N Walnut Ave, Forreston, IL, 61030 in Forreston: $1,916/mo in rent, $426/mo in net income, 10.7% gross yield, 1.98 DSCR, all at $214,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $59,373 in appreciation and $1,979/yr in principal paydown projects total cumulative return of $109,616.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.2% |
| Monthly Cash Flow | $426 | $250 |
City averages based on Forreston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,916 |
| Total Monthly Debt Service | $1,405 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda Boynton • Nexthome First Class
Mls Name: NorthWest Illinois Alliance of REALTORS
Mls Provider:
Mls ID: #202501489
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.