3038 W Lexington StChicagoIL60612
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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 3038 W Lexington St, Chicago, IL, 60612 listed at $196,100 pairs $2,498/mo rent with a $960/mo payment to leave $1,138/mo cash flow. Total monthly income runs $2,498/mo, and annual cash flow reaches $13,652/yr on $65,007 cash to close. Return on cash invested measures 40.91% in year one, and rental yield registers 15.29% at a $196,100 basis. Equity gained on principal adds $1,265/yr, and annual property appreciation at 5% supports $54,179 by year five. Five-year ROI tracks 216.47% and total cumulative return in cash totals $140,719. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,498/mo property income relative to a $960/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60612, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,672 (100%) |
| Owner Occupied HU | 4,458 (25.2%) |
| Renter Occupied HU | 11,157 (63.1%) |
| Vacant Housing Units | 2,057 (11.6%) |
| Median Home Value | $388,854 |
| Average Home Value | $482,080 |
Housing Distribution
Address Breakdown
Residential
14,889
Single Family
7,444
Multi-Family
7,445
Businesses
1,582
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