1222 S Central Park AveChicagoIL60623
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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 1222 S Central Park Ave, Chicago, IL, 60623 priced at $100,000 converts $1,037/mo rent into $344/mo cash flow after a $489/mo obligation. Total monthly income equals $1,037/mo, and annual cash flow totals $4,126/yr on $33,150 invested. Return on cash invested prints 32.36% in year one, and rental yield reads 12.44% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 170.58% and total cumulative return in cash sums $56,548. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,037/mo property income covering a $489/mo payment, not borrower’s personal income.
Multi Family
Built in 1898
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60623, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,760 (100%) |
| Owner Occupied HU | 9,106 (28.7%) |
| Renter Occupied HU | 18,918 (59.6%) |
| Vacant Housing Units | 3,736 (11.8%) |
| Median Home Value | $246,210 |
| Average Home Value | $270,307 |
Housing Distribution
Address Breakdown
Residential
18,318
Single Family
12,903
Multi-Family
5,415
Businesses
1,637
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