6020 N Landers AveChicagoIL60646
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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 6020 N Landers Ave, Chicago, IL, 60646 listed at $699,000 pairs $5,645/mo rent with a $3,421/mo payment to leave $797/mo cash flow. Total monthly income runs $5,645/mo, and annual cash flow reaches $9,562/yr on $229,971 cash to close. Return on cash invested measures 24.22% in year one, and rental yield registers 9.69% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 126.9% and total cumulative return in cash totals $291,842. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,645/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1942
5,625 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60646, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,632 (100%) |
| Owner Occupied HU | 7,976 (75.0%) |
| Renter Occupied HU | 2,136 (20.1%) |
| Vacant Housing Units | 520 ( 4.9%) |
| Median Home Value | $487,761 |
| Average Home Value | $550,834 |
Housing Distribution
Address Breakdown
Residential
10,684
Single Family
9,046
Multi-Family
1,638
Businesses
958
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