6049 S Morgan StChicagoIL60621
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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
Total monthly income runs $600/mo, and a $1,224/mo payment. Purchase price stands at $250,000, and rental yield measures 2.88% with $600/mo rent. Return on cash invested shows 3.48% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 15.77% and total cumulative return in cash records $13,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $600/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Multi Family
Built in 1898
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60621, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,426 (100%) |
| Owner Occupied HU | 2,876 (18.6%) |
| Renter Occupied HU | 8,878 (57.6%) |
| Vacant Housing Units | 3,672 (23.8%) |
| Median Home Value | $164,941 |
| Average Home Value | $214,146 |
Housing Distribution
Address Breakdown
Residential
10,934
Single Family
6,169
Multi-Family
4,765
Businesses
537
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