6508 Cedar RdOak ForestIL60452
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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 Oak Forest at 6508 Cedar Rd, Oak Forest, IL, 60452 generates $2,118/mo in rent, after a $1,542/mo payment. Total monthly income is $2,118/mo. Return on cash invested sits at 19.14% in year one, and rental yield is 8.07% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 99.67% and total cumulative return in cash sums $104,081. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,118/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60452, Oak Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,565 (100%) |
| Owner Occupied HU | 8,125 (76.9%) |
| Renter Occupied HU | 2,048 (19.4%) |
| Vacant Housing Units | 392 ( 3.7%) |
| Median Home Value | $264,291 |
| Average Home Value | $278,933 |
Housing Distribution
Address Breakdown
Residential
10,358
Single Family
8,335
Multi-Family
2,023
Businesses
549
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Listed by: Jessica Giroux • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12520235