222 N Columbus Dr APT 2607ChicagoIL60601
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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 222 N Columbus Dr APT 2607, Chicago, IL, 60601 listed at $284,700 pairs $2,896/mo rent with a $1,393/mo payment to leave $420/mo cash flow. Total monthly income runs $2,896/mo, and annual cash flow reaches $5,037/yr on $94,378 cash to close. Return on cash invested measures 25.25% in year one, and rental yield registers 12.21% at a $284,700 basis. Equity gained on principal adds $1,837/yr, and annual property appreciation at 5% supports $78,657 by year five. Five-year ROI tracks 134.75% and total cumulative return in cash totals $127,172. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,896/mo property income relative to a $1,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2003
0.94 Acres lot
$N/A/sqft
$502 monthly 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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