1146 W 88th StChicagoIL60620
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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
Rental property for sale in Chicago at 1146 W 88th St, Chicago, IL, 60620 generates $1,460/mo in rent and, after a $930/mo payment, leaves $142/mo in cash flow. Total monthly income is $1,460/mo, and annual cash flow is $1,705/yr on $62,985 invested. Return on cash invested sits at 22.62% in year one, and rental yield is 9.22% on a $190,000 entry. Equity gained on principal adds $1,226/yr, while 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 118.41% and total cumulative return in cash sums $74,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,460/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
3,136 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60620, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,458 (100%) |
| Owner Occupied HU | 12,415 (40.8%) |
| Renter Occupied HU | 14,209 (46.7%) |
| Vacant Housing Units | 3,834 (12.6%) |
| Median Home Value | $211,549 |
| Average Home Value | $257,963 |
Housing Distribution
Address Breakdown
Residential
25,226
Single Family
16,860
Multi-Family
8,366
Businesses
1,415
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