6616 S Knox AveChicagoIL60629
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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 6616 S Knox Ave, Chicago, IL, 60629 listed at $443,700 pairs $3,566/mo rent with a $2,172/mo payment to leave $488/mo cash flow. Total monthly income runs $3,566/mo, and annual cash flow reaches $5,857/yr on $147,087 cash to close. Return on cash invested measures 23.89% in year one, and rental yield registers 9.64% at a $443,700 basis. Equity gained on principal adds $2,863/yr, and annual property appreciation at 5% supports $122,586 by year five. Five-year ROI tracks 125.21% and total cumulative return in cash totals $184,160. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,566/mo property income relative to a $2,172/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2010
3,750 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60629, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,508 (100%) |
| Owner Occupied HU | 19,242 (54.2%) |
| Renter Occupied HU | 13,415 (37.8%) |
| Vacant Housing Units | 2,851 ( 8.0%) |
| Median Home Value | $246,042 |
| Average Home Value | $258,498 |
Housing Distribution
Address Breakdown
Residential
29,124
Single Family
23,400
Multi-Family
5,724
Businesses
1,240
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