1631 N Tripp AveChicagoIL60639
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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 1631 N Tripp Ave, Chicago, IL, 60639 generates $4,200/mo in rent and, after a $2,721/mo payment, leaves $344/mo in cash flow. Total monthly income is $4,200/mo, and annual cash flow is $4,126/yr on $182,924 invested. Return on cash invested sits at 22.32% in year one, and rental yield is 9.06% on a $556,000 entry. Equity gained on principal adds $3,588/yr, while 5% annual appreciation builds toward $153,613 over five years. Five-year ROI reaches 116.7% and total cumulative return in cash sums $213,477. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1902
4,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60639, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,466 (100%) |
| Owner Occupied HU | 11,870 (41.7%) |
| Renter Occupied HU | 14,488 (50.9%) |
| Vacant Housing Units | 2,108 ( 7.4%) |
| Median Home Value | $309,882 |
| Average Home Value | $337,314 |
Housing Distribution
Address Breakdown
Residential
20,504
Single Family
14,915
Multi-Family
5,589
Businesses
2,112
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