309 W 109th PlChicagoIL60628
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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 309 W 109th Pl, Chicago, IL, 60628 offers a 14.72% rental yield on a $181,500 purchase with $2,226/mo rent. Total monthly income registers $2,226/mo, and a $888/mo payment leaves $967/mo available for distribution. Annual cash flow reaches $11,609/yr on $60,167 to close, and return on cash invested stands at 39.2% in year one. Equity gained on principal adds $1,171/yr while 5% annual appreciation supports $50,145 over five years. Portfolio math shows five-year ROI at 207.33% and total cumulative return in cash at $124,748. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,226/mo property income against a $888/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60628, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,405 (100%) |
| Owner Occupied HU | 13,253 (48.4%) |
| Renter Occupied HU | 10,298 (37.6%) |
| Vacant Housing Units | 3,854 (14.1%) |
| Median Home Value | $168,394 |
| Average Home Value | $212,023 |
Housing Distribution
Address Breakdown
Residential
24,264
Single Family
21,056
Multi-Family
3,208
Businesses
1,231
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