6241 S Bishop StChicagoIL60636
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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
Rental property for sale in Chicago at 6241 S Bishop St, Chicago, IL, 60636 generates $1,933/mo in rent, after a $1,416/mo payment. Total monthly income is $1,933/mo. Return on cash invested sits at 18.99% in year one, and rental yield is 8.02% on a $289,400 entry. Equity gained on principal adds $1,867/yr, while 5% annual appreciation builds toward $79,956 over five years. Five-year ROI reaches 98.91% and total cumulative return in cash sums $94,892. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,933/mo property income rather than buyer’s personal income.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60636, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,966 (100%) |
| Owner Occupied HU | 5,286 (37.8%) |
| Renter Occupied HU | 5,949 (42.6%) |
| Vacant Housing Units | 2,731 (19.6%) |
| Median Home Value | $159,879 |
| Average Home Value | $197,840 |
Housing Distribution
Address Breakdown
Residential
10,205
Single Family
8,881
Multi-Family
1,324
Businesses
752
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