6200 S Kolin Ave #1ChicagoIL60629
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
Investment property for sale in Chicago at 6200 S Kolin Ave #1, Chicago, IL, 60629 uses $71,273 cash to close to unlock $6,576/yr annual cash flow and $548/mo monthly cash flow. Total monthly income runs $2,039/mo, and a $1,052/mo payment keeps the spread at $548/mo. Purchase price stands at $215,000, and rental yield measures 11.38% with $2,039/mo rent. Return on cash invested shows 29.14% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 153.37% and total cumulative return in cash records $109,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,039/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60629, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,508 (100%) |
| Owner Occupied HU | 19,242 (54.2%) |
| Renter Occupied HU | 13,415 (37.8%) |
| Vacant Housing Units | 2,851 ( 8.0%) |
| Median Home Value | $246,042 |
| Average Home Value | $258,498 |
Housing Distribution
Address Breakdown
Residential
29,124
Single Family
23,400
Multi-Family
5,724
Businesses
1,240
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices