2940 W 83rd StChicagoIL60652
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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 2940 W 83rd St, Chicago, IL, 60652 generates $2,168/mo in rent and, after a $1,498/mo payment, leaves $45/mo in cash flow. Total monthly income is $2,168/mo, and annual cash flow is $543/yr on $101,439 invested. Return on cash invested sits at 20.44% in year one, and rental yield is 8.5% on a $306,000 entry. Equity gained on principal adds $1,975/yr, while 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 106.73% and total cumulative return in cash sums $108,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,168/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
3,240 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60652, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,445 (100%) |
| Owner Occupied HU | 10,746 (79.9%) |
| Renter Occupied HU | 2,073 (15.4%) |
| Vacant Housing Units | 626 ( 4.7%) |
| Median Home Value | $253,889 |
| Average Home Value | $270,365 |
Housing Distribution
Address Breakdown
Residential
12,991
Single Family
11,775
Multi-Family
1,216
Businesses
602
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