340 E Randolph St APT 506ChicagoIL60601
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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 340 E Randolph St APT 506, Chicago, IL, 60601 offers a 11.86% rental yield on a $498,200 purchase with $4,924/mo rent. Total monthly income registers $4,924/mo, and a $2,438/mo payment leaves $744/mo available for distribution. Annual cash flow reaches $8,933/yr on $165,153 to close, and return on cash invested stands at 25.32% in year one. Equity gained on principal adds $3,215/yr while 5% annual appreciation supports $137,643 over five years. Portfolio math shows five-year ROI at 134.74% and total cumulative return in cash at $222,523. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,924/mo property income against a $2,438/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2007
0.80 Acres lot
$N/A/sqft
$592 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60601, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,493 (100%) |
| Owner Occupied HU | 3,495 (28.0%) |
| Renter Occupied HU | 7,417 (59.4%) |
| Vacant Housing Units | 1,581 (12.7%) |
| Median Home Value | $592,502 |
| Average Home Value | $711,371 |
Housing Distribution
Address Breakdown
Residential
12,957
Single Family
49
Multi-Family
12,908
Businesses
1,752
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