2953 N Honore StChicagoIL60657
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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 2953 N Honore St, Chicago, IL, 60657 listed at $1,475,000 pairs $6,935/mo rent with a $7,219/mo payment. Total monthly income runs $6,935/mo. Return on cash invested measures 12.09% in year one, and rental yield registers 5.64% at a $1,475,000 basis. Equity gained on principal adds $9,518/yr, and annual property appreciation at 5% supports $407,515 by year five. Five-year ROI tracks 61.85% and total cumulative return in cash totals $295,558. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,935/mo property income relative to a $7,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
2,925 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60657, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,834 (100%) |
| Owner Occupied HU | 15,811 (34.5%) |
| Renter Occupied HU | 26,750 (58.4%) |
| Vacant Housing Units | 3,273 ( 7.1%) |
| Median Home Value | $548,884 |
| Average Home Value | $687,417 |
Housing Distribution
Address Breakdown
Residential
41,857
Single Family
7,557
Multi-Family
34,300
Businesses
2,016
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