809 Beloit AveForest 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 809 Beloit Ave, Forest Park, IL, 60130 listed at $724,000 pairs $6,155/mo rent with a $3,544/mo payment to leave $1,133/mo cash flow. Total monthly income runs $6,155/mo, and annual cash flow reaches $13,594/yr on $238,196 cash to close. Return on cash invested measures 25.77% in year one, and rental yield registers 10.2% at a $724,000 basis. Equity gained on principal adds $4,672/yr, and annual property appreciation at 5% supports $200,028 by year five. Five-year ROI tracks 135.2% and total cumulative return in cash totals $322,047. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,155/mo property income relative to a $3,544/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1914
2,160 sqft 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: Roman Lewis • Baird & Warner
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12124666
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)