130 N Garland Ct APT 1406ChicagoIL60602
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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 at 130 N Garland Ct APT 1406, Chicago, IL, 60602 uses $169,435 cash to close to unlock $10,074/yr annual cash flow and $840/mo monthly cash flow. Total monthly income runs $4,412/mo, and a $2,521/mo payment keeps the spread at $840/mo. Purchase price stands at $515,000, and rental yield measures 10.28% with $4,412/mo rent. Return on cash invested shows 26.01% in year one, and 5% annual appreciation builds toward $142,285 over five years. Five-year ROI reaches 136.5% and total cumulative return in cash records $231,277. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,412/mo property income covering a $2,521/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: 60602, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,587 (100%) |
| Owner Occupied HU | 398 (25.1%) |
| Renter Occupied HU | 786 (49.5%) |
| Vacant Housing Units | 403 (25.4%) |
| Median Home Value | $1,289,855 |
| Average Home Value | $1,320,917 |
Housing Distribution
Address Breakdown
Residential
820
Single Family
1
Multi-Family
819
Businesses
1,880
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