660 W Wayman St UNIT 501ChicagoIL60661
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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
Investment property for sale in Chicago at 660 W Wayman St UNIT 501, Chicago, IL, 60661 uses $154,148 cash to close to unlock $16,603/yr annual cash flow and $1,384/mo monthly cash flow. Total monthly income runs $4,609/mo, and a $2,276/mo payment keeps the spread at $1,384/mo. Purchase price stands at $465,000, and rental yield measures 11.89% with $4,609/mo rent. Return on cash invested shows 30.68% in year one, and 5% annual appreciation builds toward $128,471 over five years. Five-year ROI reaches 161.58% and total cumulative return in cash records $249,071. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,609/mo property income covering a $2,276/mo payment rather than investor’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60661, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 2,442 (24.4%) |
| Renter Occupied HU | 6,535 (65.2%) |
| Vacant Housing Units | 1,039 (10.4%) |
| Median Home Value | $425,872 |
| Average Home Value | $488,274 |
Housing Distribution
Address Breakdown
Residential
9,230
Single Family
9
Multi-Family
9,221
Businesses
758
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