5614 S Kolmar AveChicagoIL60629
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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 5614 S Kolmar Ave, Chicago, IL, 60629 uses $95,357 cash to close to unlock $4,856/yr annual cash flow and $405/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,408/mo payment keeps the spread at $405/mo. Purchase price stands at $287,654, and rental yield measures 10.01% with $2,400/mo rent. Return on cash invested shows 25% in year one, and 5% annual appreciation builds toward $79,474 over five years. Five-year ROI reaches 131.14% and total cumulative return in cash records $125,052. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,408/mo payment rather than investor’s personal income.
Single Family
Built in 1913
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60629, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,508 (100%) |
| Owner Occupied HU | 19,242 (54.2%) |
| Renter Occupied HU | 13,415 (37.8%) |
| Vacant Housing Units | 2,851 ( 8.0%) |
| Median Home Value | $246,042 |
| Average Home Value | $258,498 |
Housing Distribution
Address Breakdown
Residential
29,124
Single Family
23,400
Multi-Family
5,724
Businesses
1,240
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