612 Hannah AveForest ParkIL60130
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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 Forest Park at 612 Hannah Ave, Forest Park, IL, 60130 priced at $340,000 pairs $3,567/mo rent with $1,209/mo cash flow after a $1,664/mo payment. Total monthly income equals $3,567/mo, and annual cash flow comes to $14,506/yr on $112,710 invested. Return on cash invested is 32.78% in year one, and rental yield stands at 12.59% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 172.83% and total cumulative return in cash reaches $194,802. For financing, Ziffy Mortgage’s DSCR program evaluates $3,567/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1912
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60130, Forest Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,155 (100%) |
| Owner Occupied HU | 3,698 (45.3%) |
| Renter Occupied HU | 3,811 (46.7%) |
| Vacant Housing Units | 646 ( 7.9%) |
| Median Home Value | $348,058 |
| Average Home Value | $382,950 |
Housing Distribution
Address Breakdown
Residential
7,730
Single Family
3,523
Multi-Family
4,207
Businesses
567
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Listed by: Jessica Macey • Real Broker LLC
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12507160