208 W Washington St APT 601ChicagoIL60606
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 208 W Washington St APT 601, Chicago, IL, 60606 in Chicago delivers $2,641/mo in gross rent and $432/mo in net monthly income at a $223,500 entry. The 14.18% yield and 2.63 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $61,749 over five years and $2,058/yr in equity from loan paydown, total projected return is $119,316.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.2% | 6.1% |
| Monthly Cash Flow | $432 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,641 |
| Total Monthly Debt Service | $2,067 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1923
N/A lot
$N/A/sqft
$606 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1923
N/A lot
$N/A/sqft
$606 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices