4511 N Melvina AveChicagoIL60630
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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
Rental property for sale in Chicago at 4511 N Melvina Ave, Chicago, IL, 60630 priced at $272,460 pairs $3,230/mo rent with $1,303/mo cash flow after a $1,334/mo payment. Total monthly income equals $3,230/mo, and annual cash flow comes to $15,641/yr on $90,320 invested. Return on cash invested is 37.23% in year one, and rental yield stands at 14.23% on a $272,460 basis. Equity gained on principal adds $1,758/yr, and 5% annual appreciation accumulates to $75,276 by year five. Five-year ROI measures 196.88% and total cumulative return in cash reaches $177,821. For financing, Ziffy Mortgage’s DSCR program evaluates $3,230/mo property income against a $1,334/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1927
4,051 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60630, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,617 (100%) |
| Owner Occupied HU | 13,462 (59.5%) |
| Renter Occupied HU | 7,730 (34.2%) |
| Vacant Housing Units | 1,425 ( 6.3%) |
| Median Home Value | $380,127 |
| Average Home Value | $414,962 |
Housing Distribution
Address Breakdown
Residential
19,779
Single Family
14,584
Multi-Family
5,195
Businesses
1,290
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