6331 W 63rd St UNIT 2AChicagoIL60638
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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 6331 W 63rd St UNIT 2A, Chicago, IL, 60638 generates $1,843/mo in rent and, after a $1,224/mo payment, leaves $109/mo in cash flow. Total monthly income is $1,843/mo, and annual cash flow is $1,303/yr on $82,875 invested. Return on cash invested sits at 21.48% in year one, and rental yield is 8.85% on a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 112.27% and total cumulative return in cash sums $93,046. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,843/mo property income rather than buyer’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60638, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,982 (100%) |
| Owner Occupied HU | 15,564 (74.2%) |
| Renter Occupied HU | 4,394 (20.9%) |
| Vacant Housing Units | 1,024 ( 4.9%) |
| Median Home Value | $296,615 |
| Average Home Value | $318,480 |
Housing Distribution
Address Breakdown
Residential
19,955
Single Family
17,141
Multi-Family
2,814
Businesses
1,519
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