1320 N Homan AveChicagoIL60651
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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 1320 N Homan Ave, Chicago, IL, 60651 generates $2,112/mo in rent and, after a $1,223/mo payment, leaves $379/mo in cash flow. Total monthly income is $2,112/mo, and annual cash flow is $4,545/yr on $82,842 invested. Return on cash invested sits at 25.4% in year one, and rental yield is 10.14% on a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 133.25% and total cumulative return in cash sums $110,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,112/mo property income rather than buyer’s personal income.
Multi Family
Built in 1917
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60651, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,526 (100%) |
| Owner Occupied HU | 9,143 (37.3%) |
| Renter Occupied HU | 12,918 (52.7%) |
| Vacant Housing Units | 2,465 (10.1%) |
| Median Home Value | $284,034 |
| Average Home Value | $328,944 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
12,747
Multi-Family
3,661
Businesses
1,048
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