18 N Carpenter St #PHNChicagoIL60607
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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 18 N Carpenter St #PHN, Chicago, IL, 60607 offers $4,550/mo rent that, after a $7,317/mo payment. Total monthly income is $4,550/mo. Return on cash invested measures 5.95% in year one, and rental yield stands at 3.65% at a $1,495,000 entry. Equity gained on principal adds $9,647/yr while 5% annual appreciation compounds into $413,041 by year five. Five-year ROI records 28.91% and total cumulative return in cash reaches $140,017. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,550/mo property income versus a $7,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
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