5000 S Cornell Ave APT 3AChicagoIL60615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 5000 S Cornell Ave APT 3A, Chicago, IL, 60615 uses $66,300 cash to close to unlock $416/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $1,422/mo, and a $979/mo payment keeps the spread at $35/mo. Purchase price stands at $200,000, and rental yield measures 8.53% with $1,422/mo rent. Return on cash invested shows 20.54% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 107.22% and total cumulative return in cash records $71,084. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,422/mo property income covering a $979/mo payment rather than investor’s personal income.
Condo
Built in 1923
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60615, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,501 (100%) |
| Owner Occupied HU | 6,711 (25.3%) |
| Renter Occupied HU | 16,635 (62.8%) |
| Vacant Housing Units | 3,155 (11.9%) |
| Median Home Value | $394,556 |
| Average Home Value | $476,226 |
Housing Distribution
Address Breakdown
Residential
23,769
Single Family
3,485
Multi-Family
20,284
Businesses
850
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices