620 N Spaulding AveChicagoIL60624
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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 620 N Spaulding Ave, Chicago, IL, 60624 at $255,000 posts ROI 31.85% with $841/mo cash flow from $2,610/mo rent. Total monthly income equals $2,610/mo, and annual cash flow records $10,096/yr on $84,533 to close. Return on cash invested measures 31.85% and rental yield reads 12.28% at the current $255,000. Equity gained on principal adds $1,645/yr, and 5% annual appreciation supports $70,452 by year five. Five-year ROI prints 167.9% and total cumulative return in cash totals $141,932.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,610/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in N/A
2,900 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60624, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,762 (100%) |
| Owner Occupied HU | 3,649 (21.8%) |
| Renter Occupied HU | 10,950 (65.3%) |
| Vacant Housing Units | 2,163 (12.9%) |
| Median Home Value | $270,333 |
| Average Home Value | $310,515 |
Housing Distribution
Address Breakdown
Residential
11,941
Single Family
6,813
Multi-Family
5,128
Businesses
861
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