1823 N Newland AveChicagoIL60707
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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 1823 N Newland Ave, Chicago, IL, 60707 uses $144,203 cash to close to unlock $4,882/yr annual cash flow and $407/mo monthly cash flow. Total monthly income runs $3,424/mo, and a $2,129/mo payment keeps the spread at $407/mo. Purchase price stands at $435,000, and rental yield measures 9.45% with $3,424/mo rent. Return on cash invested shows 23.29% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 121.97% and total cumulative return in cash records $175,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,424/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Single Family
Built in 1938
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60707, Elmwood Park, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,103 (100%) |
| Owner Occupied HU | 10,714 (62.6%) |
| Renter Occupied HU | 5,452 (31.9%) |
| Vacant Housing Units | 937 ( 5.5%) |
| Median Home Value | $338,856 |
| Average Home Value | $357,155 |
Housing Distribution
Address Breakdown
Residential
16,178
Single Family
10,741
Multi-Family
5,437
Businesses
689
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