2546 W 115th StChicagoIL60655
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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 2546 W 115th St, Chicago, IL, 60655 generates $3,874/mo in rent and, after a $1,933/mo payment, leaves $1,135/mo in cash flow. Total monthly income is $3,874/mo, and annual cash flow is $13,614/yr on $130,943 invested. Return on cash invested sits at 30.31% in year one, and rental yield is 11.77% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 159.59% and total cumulative return in cash sums $208,974. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,874/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
4,600 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60655, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,531 (100%) |
| Owner Occupied HU | 8,757 (83.2%) |
| Renter Occupied HU | 1,155 (11.0%) |
| Vacant Housing Units | 619 ( 5.9%) |
| Median Home Value | $334,131 |
| Average Home Value | $360,975 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
9,596
Multi-Family
1,171
Businesses
381
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