1000 W Washington Blvd UNIT 418ChicagoIL60607
Nearby investment properties with comparable rents
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 Chicago at 1000 W Washington Blvd UNIT 418, Chicago, IL, 60607 generates $3,085/mo in rent and, after a $2,080/mo payment, leaves $137/mo in cash flow. Total monthly income is $3,085/mo, and annual cash flow is $1,647/yr on $140,888 invested. Return on cash invested sits at 21.08% in year one, and rental yield is 8.71% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 110.11% and total cumulative return in cash sums $155,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,085/mo property income rather than buyer’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices