195 N Harbor Dr APT 5503ChicagoIL60601
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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 195 N Harbor Dr APT 5503, Chicago, IL, 60601 offers a 12.53% rental yield on a $655,200 purchase with $6,841/mo rent. Total monthly income registers $6,841/mo, and a $3,207/mo payment leaves $2,296/mo available for distribution. Annual cash flow reaches $27,556/yr on $215,561 to close, and return on cash invested stands at 32.84% in year one. Equity gained on principal adds $4,228/yr while 5% annual appreciation supports $181,020 over five years. Portfolio math shows five-year ROI at 173.16% and total cumulative return in cash at $373,274. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,841/mo property income against a $3,207/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60601, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,493 (100%) |
| Owner Occupied HU | 3,495 (28.0%) |
| Renter Occupied HU | 7,417 (59.4%) |
| Vacant Housing Units | 1,581 (12.7%) |
| Median Home Value | $592,502 |
| Average Home Value | $711,371 |
Housing Distribution
Address Breakdown
Residential
12,957
Single Family
49
Multi-Family
12,908
Businesses
1,752
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