4600 N Cumberland Ave UNIT 311ChicagoIL60656
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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 4600 N Cumberland Ave UNIT 311, Chicago, IL, 60656 generates $1,949/mo in rent and, after a $560/mo payment, leaves $841/mo in cash flow. Total monthly income is $1,949/mo, and annual cash flow is $10,097/yr on $37,924 invested. Return on cash invested sits at 46.53% in year one, and rental yield is 20.44% on a $114,400 entry. Equity gained on principal adds $738/yr, while 5% annual appreciation builds toward $31,607 over five years. Five-year ROI reaches 250.3% and total cumulative return in cash sums $94,921. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,949/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$314 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Patti Furman • Coldwell Banker Realty
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12183138
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