10620 Central Ave APT 3BChicago RidgeIL60415
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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 Chicago Ridge at 10620 Central Ave APT 3B, Chicago Ridge, IL, 60415 uses $69,284 cash to close to unlock $4,923/yr annual cash flow and $410/mo monthly cash flow. Total monthly income runs $1,860/mo, and a $1,023/mo payment keeps the spread at $410/mo. Purchase price stands at $209,000, and rental yield measures 10.68% with $1,860/mo rent. Return on cash invested shows 27.02% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 141.96% and total cumulative return in cash records $98,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,860/mo property income covering a $1,023/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: 60415, Chicago Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,877 (100%) |
| Owner Occupied HU | 2,916 (49.6%) |
| Renter Occupied HU | 2,640 (44.9%) |
| Vacant Housing Units | 321 ( 5.5%) |
| Median Home Value | $239,402 |
| Average Home Value | $294,268 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
2,127
Multi-Family
3,692
Businesses
505
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Listed by: Richard Clark • Century 21 Circle
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12556333