613 N Lorel AveChicagoIL60644
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Nearby investment properties with comparable prices
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
Rental property for sale in Chicago at 613 N Lorel Ave, Chicago, IL, 60644 priced at $171,600 pairs $1,808/mo rent with $618/mo cash flow after a $840/mo payment. Total monthly income equals $1,808/mo, and annual cash flow comes to $7,412/yr on $56,885 invested. Return on cash invested is 32.94% in year one, and rental yield stands at 12.64% on a $171,600 basis. Equity gained on principal adds $1,107/yr, and 5% annual appreciation accumulates to $47,410 by year five. Five-year ROI measures 173.73% and total cumulative return in cash reaches $98,827. For financing, Ziffy Mortgage’s DSCR program evaluates $1,808/mo property income against a $840/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1893
4,375 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60644, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,263 (100%) |
| Owner Occupied HU | 5,038 (24.9%) |
| Renter Occupied HU | 13,183 (65.1%) |
| Vacant Housing Units | 2,042 (10.1%) |
| Median Home Value | $273,262 |
| Average Home Value | $352,624 |
Housing Distribution
Address Breakdown
Residential
15,369
Single Family
6,728
Multi-Family
8,641
Businesses
915
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