6065 N Ridge Ave UNIT 3ChicagoIL60660
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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 6065 N Ridge Ave UNIT 3, Chicago, IL, 60660 earns $49/mo cash flow from $3,212/mo rent with a $2,092/mo payment. Total monthly income totals $3,212/mo, and annual cash flow totals $590/yr on $141,716 capital. ROI tracks 20.33% on current figures, and rental yield reads 9.02% at a $427,500 purchase. Equity gained on principal adds $2,759/yr, and 5% annual appreciation supports $118,110 over five years. Five-year ROI reaches 106.68% and total cumulative return in cash sums $151,186. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,212/mo property income instead of your personal income.
Condo
Built in 2006
3,510 sqft lot
$N/A/sqft
$198 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60660, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,885 (100%) |
| Owner Occupied HU | 7,970 (33.4%) |
| Renter Occupied HU | 13,828 (57.9%) |
| Vacant Housing Units | 2,087 ( 8.7%) |
| Median Home Value | $351,807 |
| Average Home Value | $449,918 |
Housing Distribution
Address Breakdown
Residential
23,009
Single Family
2,575
Multi-Family
20,434
Businesses
813
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