5421 S Mulligan AveChicagoIL60638
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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 5421 S Mulligan Ave, Chicago, IL, 60638 priced at $318,900 converts $2,026/mo rent into after a $1,561/mo obligation. Total monthly income equals $2,026/mo. Return on cash invested prints 17.8% in year one, and rental yield reads 7.62% against a $318,900 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation compiles into $88,106 by year five. Five-year ROI reaches 92.48% and total cumulative return in cash sums $97,770. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,026/mo property income covering a $1,561/mo payment, not borrower’s personal income.
Single Family
Built in 1924
4,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60638, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,982 (100%) |
| Owner Occupied HU | 15,564 (74.2%) |
| Renter Occupied HU | 4,394 (20.9%) |
| Vacant Housing Units | 1,024 ( 4.9%) |
| Median Home Value | $296,615 |
| Average Home Value | $318,480 |
Housing Distribution
Address Breakdown
Residential
19,955
Single Family
17,141
Multi-Family
2,814
Businesses
1,519
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