7243 Madison St APT 409Forest 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
Investment property for sale in Forest Park at 7243 Madison St APT 409, Forest Park, IL, 60130 uses $82,875 cash to close to unlock $139/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $1,746/mo, and a $1,224/mo payment keeps the spread at $12/mo. Purchase price stands at $250,000, and rental yield measures 8.38% with $1,746/mo rent. Return on cash invested shows 20.08% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 104.74% and total cumulative return in cash records $86,806. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,746/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A 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: Elizabeth August • @properties Christie's International Real Estate
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12460321