2312 S Kolin AveChicagoIL60623
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
Investment Highlights
Investment property for sale in Chicago at 2312 S Kolin Ave, Chicago, IL, 60623 uses $59,670 cash to close to unlock $4,770/yr annual cash flow and $398/mo monthly cash flow. Total monthly income runs $1,646/mo, and a $881/mo payment keeps the spread at $398/mo. Purchase price stands at $180,000, and rental yield measures 10.97% with $1,646/mo rent. Return on cash invested shows 27.9% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 146.73% and total cumulative return in cash records $87,557. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,646/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1900
2,674 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60623, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,760 (100%) |
| Owner Occupied HU | 9,106 (28.7%) |
| Renter Occupied HU | 18,918 (59.6%) |
| Vacant Housing Units | 3,736 (11.8%) |
| Median Home Value | $246,210 |
| Average Home Value | $270,307 |
Housing Distribution
Address Breakdown
Residential
18,318
Single Family
12,903
Multi-Family
5,415
Businesses
1,637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices