6550 S Claremont AveChicagoIL60636
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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 6550 S Claremont Ave, Chicago, IL, 60636 offers $1,980/mo rent that, after a $974/mo payment, leaves $600/mo cash flow. Total monthly income is $1,980/mo, and annual cash flow is $7,196/yr on $65,969 cash. Return on cash invested measures 30.82% in year one, and rental yield stands at 11.94% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 162.32% and total cumulative return in cash reaches $107,082. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
3,123 sqft 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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