4131 W Belmont Ave Unit 407ChicagoIL60641
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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 4131 W Belmont Ave Unit 407, Chicago, IL, 60641 uses $115,992 cash to close to unlock $1,339/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $2,539/mo, and a $1,713/mo payment keeps the spread at $112/mo. Purchase price stands at $349,900, and rental yield measures 8.71% with $2,539/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 110.03% and total cumulative return in cash records $127,626. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,539/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60641, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,632 (100%) |
| Owner Occupied HU | 12,306 (44.5%) |
| Renter Occupied HU | 13,179 (47.7%) |
| Vacant Housing Units | 2,147 ( 7.8%) |
| Median Home Value | $381,958 |
| Average Home Value | $426,841 |
Housing Distribution
Address Breakdown
Residential
23,193
Single Family
14,293
Multi-Family
8,900
Businesses
1,540
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