8 Allegheny CtPark ForestIL60466
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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 Park Forest at 8 Allegheny Ct, Park Forest, IL, 60466 priced at $163,995 pairs $1,255/mo rent with $117/mo cash flow after a $803/mo payment. Total monthly income equals $1,255/mo, and annual cash flow comes to $1,406/yr on $54,364 invested. Return on cash invested is 22.5% in year one, and rental yield stands at 9.18% on a $163,995 basis. Equity gained on principal adds $1,058/yr, and 5% annual appreciation accumulates to $45,309 by year five. Five-year ROI measures 117.75% and total cumulative return in cash reaches $64,016. For financing, Ziffy Mortgage’s DSCR program evaluates $1,255/mo property income against a $803/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
5,000 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: Zane Rizvi • Northwest Real Estate Group
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12512043