5853 S Narragansett 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
Investment property for sale in Chicago at 5853 S Narragansett Ave, Chicago, IL, 60638 earns $505/mo cash flow from $2,926/mo rent with a $1,708/mo payment. Total monthly income totals $2,926/mo, and annual cash flow totals $6,065/yr on $115,694 capital. ROI tracks 25.15% on current figures, and rental yield reads 10.06% at a $349,000 purchase. Equity gained on principal adds $2,252/yr, and 5% annual appreciation supports $96,422 over five years. Five-year ROI reaches 131.95% and total cumulative return in cash sums $152,652. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,926/mo property income instead of your personal income.
Single Family
Built in 1956
5,000 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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