616 S Loomis St #1ChicagoIL60607
Nearby investment properties with comparable rents
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 616 S Loomis St #1, Chicago, IL, 60607 generates $1,882/mo in rent, after a $1,370/mo payment. Total monthly income is $1,882/mo. Return on cash invested sits at 19.14% in year one, and rental yield is 8.07% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 99.73% and total cumulative return in cash sums $92,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,882/mo property income rather than buyer’s personal income.
Condo
Built in 1914
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60607, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,465 (100%) |
| Owner Occupied HU | 6,294 (28.0%) |
| Renter Occupied HU | 12,988 (57.8%) |
| Vacant Housing Units | 3,183 (14.2%) |
| Median Home Value | $500,000 |
| Average Home Value | $597,212 |
Housing Distribution
Address Breakdown
Residential
19,737
Single Family
2,220
Multi-Family
17,517
Businesses
1,968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices