5508 W Berenice 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
Rental property for sale in Chicago at 5508 W Berenice Ave, Chicago, IL, 60641 offers $1,948/mo rent that, after a $3,260/mo payment. Total monthly income is $1,948/mo. Return on cash invested measures 5.43% in year one, and rental yield stands at 3.51% at a $666,100 entry. Equity gained on principal adds $4,298/yr while 5% annual appreciation compounds into $184,031 by year five. Five-year ROI records 26.17% and total cumulative return in cash reaches $57,340. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,948/mo property income versus a $3,260/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1929
3,690 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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