706 Hewitt StForrestonIL61030
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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
Investment property for sale in Forreston at 706 Hewitt St, Forreston, IL, 61030 listed at $249,700 pairs $2,401/mo rent with a $1,222/mo payment to leave $669/mo cash flow. Total monthly income runs $2,401/mo, and annual cash flow reaches $8,030/yr on $82,776 cash to close. Return on cash invested measures 29.61% in year one, and rental yield registers 11.54% at a $249,700 basis. Equity gained on principal adds $1,611/yr, and annual property appreciation at 5% supports $68,988 by year five. Five-year ROI tracks 155.89% and total cumulative return in cash totals $129,036. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,401/mo property income relative to a $1,222/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2003
N/A 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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