5218 W Patterson AveChicagoIL60641
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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 5218 W Patterson Ave, Chicago, IL, 60641 offers a 8.49% rental yield on a $389,900 purchase with $2,759/mo rent. Total monthly income registers $2,759/mo, and a $1,908/mo payment leaves $55/mo available for distribution. Annual cash flow reaches $659/yr on $129,252 to close, and return on cash invested stands at 20.42% in year one. Equity gained on principal adds $2,516/yr while 5% annual appreciation supports $107,722 over five years. Portfolio math shows five-year ROI at 106.56% and total cumulative return in cash at $137,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,759/mo property income against a $1,908/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1905
4,032 sqft 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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