2237 S Oakley AveChicagoIL60608
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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 2237 S Oakley Ave, Chicago, IL, 60608 offers $2,130/mo rent that, after a $1,708/mo payment. Total monthly income is $2,130/mo. Return on cash invested measures 16.9% in year one, and rental yield stands at 7.33% at a $348,900 entry. Equity gained on principal adds $2,251/yr while 5% annual appreciation compounds into $96,395 by year five. Five-year ROI records 87.68% and total cumulative return in cash reaches $101,416. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,130/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60608, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,532 (100%) |
| Owner Occupied HU | 9,621 (30.5%) |
| Renter Occupied HU | 18,309 (58.1%) |
| Vacant Housing Units | 3,602 (11.4%) |
| Median Home Value | $368,609 |
| Average Home Value | $410,295 |
Housing Distribution
Address Breakdown
Residential
23,218
Single Family
13,908
Multi-Family
9,310
Businesses
2,214
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