401 E Ontario St APT 406ChicagoIL60611
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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 401 E Ontario St APT 406, Chicago, IL, 60611 listed at $262,900 pairs $1,829/mo rent with a $1,287/mo payment to leave $5/mo cash flow. Total monthly income runs $1,829/mo, and annual cash flow reaches $63/yr on $87,151 cash to close. Return on cash invested measures 19.98% in year one, and rental yield registers 8.35% at a $262,900 basis. Equity gained on principal adds $1,696/yr, and annual property appreciation at 5% supports $72,634 by year five. Five-year ROI tracks 104.25% and total cumulative return in cash totals $90,856. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,829/mo property income relative to a $1,287/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60611, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,898 (100%) |
| Owner Occupied HU | 10,875 (35.2%) |
| Renter Occupied HU | 14,462 (46.8%) |
| Vacant Housing Units | 5,561 (18.0%) |
| Median Home Value | $653,416 |
| Average Home Value | $849,379 |
Housing Distribution
Address Breakdown
Residential
28,622
Single Family
473
Multi-Family
28,149
Businesses
2,018
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