310 S Michigan Ave UNIT 1900ChicagoIL60604
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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
Total monthly income runs $5,856/mo, and a $4,155/mo payment. Purchase price stands at $849,000, and rental yield measures 8.28% with $5,856/mo rent. Return on cash invested shows 19.92% in year one, and 5% annual appreciation builds toward $234,563 over five years. Five-year ROI reaches 103.86% and total cumulative return in cash records $290,108. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,856/mo property income covering a $4,155/mo payment rather than investor’s personal income.
Condo
Built in 1924
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60604, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 613 (100%) |
| Owner Occupied HU | 195 (31.8%) |
| Renter Occupied HU | 301 (49.1%) |
| Vacant Housing Units | 117 (19.1%) |
| Median Home Value | $658,088 |
| Average Home Value | $828,705 |
Housing Distribution
Address Breakdown
Residential
628
Single Family
0
Multi-Family
628
Businesses
1,006
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