71 Cherry StPark ForestIL60466
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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 Park Forest at 71 Cherry St, Park Forest, IL, 60466 with 5% annual appreciation on a $165,000 basis while $1,253/mo rent supports operations. Total monthly income totals $1,253/mo and a $808/mo payment preserves $108/mo for cash returns. Annual cash flow comes to $1,297/yr on $54,698 deployed, and return on cash invested reaches 22.28% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 9.11%. Five-year ROI measures 116.63% and total cumulative return in cash totals $63,791.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,253/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60466, Park Forest, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,742 (100%) |
| Owner Occupied HU | 5,723 (58.7%) |
| Renter Occupied HU | 3,056 (31.4%) |
| Vacant Housing Units | 963 ( 9.9%) |
| Median Home Value | $105,193 |
| Average Home Value | $149,090 |
Housing Distribution
Address Breakdown
Residential
9,161
Single Family
8,386
Multi-Family
775
Businesses
316
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Listed by: Jaclyn D'Andrea • Exclusive Realtors
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12458034