520 S State St APT 907ChicagoIL60605
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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 520 S State St APT 907, Chicago, IL, 60605 uses $127,628 cash to close to unlock $8,051/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $3,341/mo, and a $1,884/mo payment keeps the spread at $671/mo. Purchase price stands at $385,000, and rental yield measures 10.41% with $3,341/mo rent. Return on cash invested shows 26.22% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 137.64% and total cumulative return in cash records $175,666. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,341/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Condo
Built in 2009
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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