208 W Washington St APT 504ChicagoIL60606
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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 208 W Washington St APT 504, Chicago, IL, 60606 generates $1,715/mo in rent and, after a $1,174/mo payment, leaves $51/mo in cash flow. Total monthly income is $1,715/mo, and annual cash flow is $614/yr on $79,527 invested. Return on cash invested sits at 20.68% in year one, and rental yield is 8.58% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 108% and total cumulative return in cash sums $85,891. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,715/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60606, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,467 (100%) |
| Owner Occupied HU | 520 (15.0%) |
| Renter Occupied HU | 2,457 (70.9%) |
| Vacant Housing Units | 490 (14.1%) |
| Median Home Value | $476,000 |
| Average Home Value | $643,087 |
Housing Distribution
Address Breakdown
Residential
2,742
Single Family
4
Multi-Family
2,738
Businesses
2,155
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