1624 S Carpenter St UNIT 3ChicagoIL60608
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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 1624 S Carpenter St UNIT 3, Chicago, IL, 60608 uses $174,370 cash to close to unlock $1,175/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $3,774/mo, and a $2,594/mo payment keeps the spread at $98/mo. Purchase price stands at $529,999, and rental yield measures 8.54% with $3,774/mo rent. Return on cash invested shows 20.73% in year one, and 5% annual appreciation builds toward $146,429 over five years. Five-year ROI reaches 108.22% and total cumulative return in cash records $188,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,774/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Condo
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60608, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,532 (100%) |
| Owner Occupied HU | 9,621 (30.5%) |
| Renter Occupied HU | 18,309 (58.1%) |
| Vacant Housing Units | 3,602 (11.4%) |
| Median Home Value | $368,609 |
| Average Home Value | $410,295 |
Housing Distribution
Address Breakdown
Residential
23,218
Single Family
13,908
Multi-Family
9,310
Businesses
2,214
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