6316 N Albany AveChicagoIL60659
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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 6316 N Albany Ave, Chicago, IL, 60659 generates $4,080/mo in rent and, after a $2,348/mo payment, leaves $753/mo in cash flow. Total monthly income is $4,080/mo, and annual cash flow is $9,031/yr on $159,021 invested. Return on cash invested sits at 25.59% in year one, and rental yield is 10.21% on a $479,700 entry. Equity gained on principal adds $3,095/yr, while 5% annual appreciation builds toward $132,532 over five years. Five-year ROI reaches 134.29% and total cumulative return in cash sums $213,546. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3,968 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60659, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,807 (100%) |
| Owner Occupied HU | 5,853 (39.5%) |
| Renter Occupied HU | 7,914 (53.4%) |
| Vacant Housing Units | 1,040 ( 7.0%) |
| Median Home Value | $425,080 |
| Average Home Value | $429,254 |
Housing Distribution
Address Breakdown
Residential
13,192
Single Family
4,774
Multi-Family
8,418
Businesses
1,440
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