2036 W Morse Ave APT CChicagoIL60645
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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 2036 W Morse Ave APT C, Chicago, IL, 60645 earns $55/mo cash flow from $2,171/mo rent with a $1,493/mo payment. Total monthly income totals $2,171/mo, and annual cash flow totals $663/yr on $101,108 capital. ROI tracks 20.57% on current figures, and rental yield reads 8.54% at a $305,000 purchase. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 over five years. Five-year ROI reaches 107.37% and total cumulative return in cash sums $108,562. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,171/mo property income instead of your personal income.
Townhouse
Built in 1960
1,320 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60645, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 8,171 (46.9%) |
| Renter Occupied HU | 8,122 (46.6%) |
| Vacant Housing Units | 1,135 ( 6.5%) |
| Median Home Value | $374,201 |
| Average Home Value | $427,363 |
Housing Distribution
Address Breakdown
Residential
16,940
Single Family
5,441
Multi-Family
11,499
Businesses
499
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