1310 N Ritchie Ct APT 10BChicagoIL60610
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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 1310 N Ritchie Ct APT 10B, Chicago, IL, 60610 uses $152,059 cash to close to unlock $6,738/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $4,882/mo, and a $2,245/mo payment keeps the spread at $561/mo. Purchase price stands at $458,700, and rental yield measures 12.77% with $4,882/mo rent. Return on cash invested shows 24.34% in year one, and 5% annual appreciation builds toward $126,730 over five years. Five-year ROI reaches 130.85% and total cumulative return in cash records $198,973. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,882/mo property income covering a $2,245/mo payment rather than investor’s personal income.
Condo
Built in 1963
0.29 Acres lot
$N/A/sqft
$1,139 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60610, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,859 (100%) |
| Owner Occupied HU | 9,258 (28.2%) |
| Renter Occupied HU | 19,303 (58.7%) |
| Vacant Housing Units | 4,298 (13.1%) |
| Median Home Value | $546,047 |
| Average Home Value | $676,055 |
Housing Distribution
Address Breakdown
Residential
30,994
Single Family
2,310
Multi-Family
28,684
Businesses
1,175
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