2405 W Balmoral Ave APT 1AChicagoIL60625
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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 2405 W Balmoral Ave APT 1A, Chicago, IL, 60625 uses $51,383 cash to close to unlock $1,986/yr annual cash flow and $166/mo monthly cash flow. Total monthly income runs $1,241/mo, and a $759/mo payment keeps the spread at $166/mo. Purchase price stands at $155,000, and rental yield measures 9.61% with $1,241/mo rent. Return on cash invested shows 23.78% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 124.58% and total cumulative return in cash records $64,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,241/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1958
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60625, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,400 (100%) |
| Owner Occupied HU | 11,970 (35.8%) |
| Renter Occupied HU | 18,994 (56.9%) |
| Vacant Housing Units | 2,436 ( 7.3%) |
| Median Home Value | $455,779 |
| Average Home Value | $526,175 |
Housing Distribution
Address Breakdown
Residential
29,798
Single Family
9,396
Multi-Family
20,402
Businesses
1,613
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