6561 W School St APT 206ChicagoIL60634
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
Rental property for sale in Chicago at 6561 W School St APT 206, Chicago, IL, 60634 generates $2,422/mo in rent and, after a $1,248/mo payment, leaves $654/mo in cash flow. Total monthly income is $2,422/mo, and annual cash flow is $7,843/yr on $84,499 invested. Return on cash invested sits at 29.19% in year one, and rental yield is 11.4% on a $254,900 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 153.62% and total cumulative return in cash sums $129,804. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,422/mo property income rather than buyer’s personal income.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60634, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,801 (100%) |
| Owner Occupied HU | 18,998 (68.3%) |
| Renter Occupied HU | 7,274 (26.2%) |
| Vacant Housing Units | 1,529 ( 5.5%) |
| Median Home Value | $343,536 |
| Average Home Value | $362,108 |
Housing Distribution
Address Breakdown
Residential
25,204
Single Family
19,890
Multi-Family
5,314
Businesses
1,372
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices