5415 N Sheridan Rd APT 5311ChicagoIL60640
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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 5415 N Sheridan Rd APT 5311, Chicago, IL, 60640 generates $3,121/mo in rent and, after a $2,016/mo payment, leaves $264/mo in cash flow. Total monthly income is $3,121/mo, and annual cash flow is $3,168/yr on $136,545 invested. Return on cash invested sits at 22.23% in year one, and rental yield is 9.09% on a $411,900 entry. Equity gained on principal adds $2,658/yr, while 5% annual appreciation builds toward $113,800 over five years. Five-year ROI reaches 116.28% and total cumulative return in cash sums $158,780. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,121/mo property income rather than buyer’s personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60640, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 43,511 (100%) |
| Owner Occupied HU | 11,891 (27.3%) |
| Renter Occupied HU | 27,557 (63.3%) |
| Vacant Housing Units | 4,063 ( 9.3%) |
| Median Home Value | $401,517 |
| Average Home Value | $482,067 |
Housing Distribution
Address Breakdown
Residential
38,789
Single Family
3,659
Multi-Family
35,130
Businesses
1,824
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