703 Gunnar LnForsythIL62535
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
Investment Highlights
Rental property for sale in Forsyth at 703 Gunnar Ln, Forsyth, IL, 62535 priced at $314,000 pairs $2,880/mo rent with $702/mo cash flow after a $1,537/mo payment. Total monthly income equals $2,880/mo, and annual cash flow comes to $8,423/yr on $104,091 invested. Return on cash invested is 28% in year one, and rental yield stands at 11.01% on a $314,000 basis. Equity gained on principal adds $2,026/yr, and 5% annual appreciation accumulates to $86,752 by year five. Five-year ROI measures 147.21% and total cumulative return in cash reaches $153,231. For financing, Ziffy Mortgage’s DSCR program evaluates $2,880/mo property income against a $1,537/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1996
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62535, Forsyth, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,351 (100%) |
| Owner Occupied HU | 1,091 (80.8%) |
| Renter Occupied HU | 194 (14.4%) |
| Vacant Housing Units | 66 ( 4.9%) |
| Median Home Value | $305,491 |
| Average Home Value | $339,675 |
Housing Distribution
Address Breakdown
Residential
1,366
Single Family
1,366
Multi-Family
0
Businesses
164
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