5840 W Lawrence Ave APT 405ChicagoIL60630
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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 5840 W Lawrence Ave APT 405, Chicago, IL, 60630 uses $91,163 cash to close to unlock $8,526/yr annual cash flow and $711/mo monthly cash flow. Total monthly income runs $2,618/mo, and a $1,346/mo payment keeps the spread at $711/mo. Purchase price stands at $275,000, and rental yield measures 11.42% with $2,618/mo rent. Return on cash invested shows 29.26% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 154% and total cumulative return in cash records $140,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,618/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60630, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,617 (100%) |
| Owner Occupied HU | 13,462 (59.5%) |
| Renter Occupied HU | 7,730 (34.2%) |
| Vacant Housing Units | 1,425 ( 6.3%) |
| Median Home Value | $380,127 |
| Average Home Value | $414,962 |
Housing Distribution
Address Breakdown
Residential
19,779
Single Family
14,584
Multi-Family
5,195
Businesses
1,290
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