3022 S Homan AveChicagoIL60623
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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 3022 S Homan Ave, Chicago, IL, 60623 earns $519/mo cash flow from $2,426/mo rent with a $1,346/mo payment. Total monthly income totals $2,426/mo, and annual cash flow totals $6,223/yr on $91,162 capital. ROI tracks 26.73% on current figures, and rental yield reads 10.59% at a $274,999 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 over five years. Five-year ROI reaches 140.45% and total cumulative return in cash sums $128,039. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,426/mo property income instead of your personal income.
Multi Family
Built in 1908
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60623, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,760 (100%) |
| Owner Occupied HU | 9,106 (28.7%) |
| Renter Occupied HU | 18,918 (59.6%) |
| Vacant Housing Units | 3,736 (11.8%) |
| Median Home Value | $246,210 |
| Average Home Value | $270,307 |
Housing Distribution
Address Breakdown
Residential
18,318
Single Family
12,903
Multi-Family
5,415
Businesses
1,637
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