41 E 8th St APT 1404ChicagoIL60605
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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 41 E 8th St APT 1404, Chicago, IL, 60605 offers a 11.79% rental yield on a $285,900 purchase with $2,808/mo rent. Total monthly income registers $2,808/mo, and a $1,399/mo payment leaves $825/mo available for distribution. Annual cash flow reaches $9,903/yr on $94,776 to close, and return on cash invested stands at 30.36% in year one. Equity gained on principal adds $1,845/yr while 5% annual appreciation supports $78,989 over five years. Portfolio math shows five-year ROI at 159.88% and total cumulative return in cash at $151,525. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,808/mo property income against a $1,399/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60605, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,547 (100%) |
| Owner Occupied HU | 7,539 (32.0%) |
| Renter Occupied HU | 12,603 (53.5%) |
| Vacant Housing Units | 3,405 (14.5%) |
| Median Home Value | $472,201 |
| Average Home Value | $575,433 |
Housing Distribution
Address Breakdown
Residential
20,878
Single Family
1,088
Multi-Family
19,790
Businesses
960
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