3002 S Poplar AveChicagoIL60608
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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 3002 S Poplar Ave, Chicago, IL, 60608 generates $2,675/mo in rent, after a $2,060/mo payment. Total monthly income is $2,675/mo. Return on cash invested sits at 17.81% in year one, and rental yield is 7.63% on a $420,900 entry. Equity gained on principal adds $2,716/yr, while 5% annual appreciation builds toward $116,287 over five years. Five-year ROI reaches 92.57% and total cumulative return in cash sums $129,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,675/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60608, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,532 (100%) |
| Owner Occupied HU | 9,621 (30.5%) |
| Renter Occupied HU | 18,309 (58.1%) |
| Vacant Housing Units | 3,602 (11.4%) |
| Median Home Value | $368,609 |
| Average Home Value | $410,295 |
Housing Distribution
Address Breakdown
Residential
23,218
Single Family
13,908
Multi-Family
9,310
Businesses
2,214
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