41 E 8th St APT 805ChicagoIL60605
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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 805, Chicago, IL, 60605 uses $74,588 cash to close to unlock $151/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $1,573/mo, and a $1,101/mo payment keeps the spread at $13/mo. Purchase price stands at $225,000, and rental yield measures 8.39% with $1,573/mo rent. Return on cash invested shows 20.11% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 104.92% and total cumulative return in cash records $78,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,573/mo property income covering a $1,101/mo payment rather than investor’s personal income.
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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