6800 N California Ave APT 2OChicagoIL60645
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 6800 N California Ave APT 2O, Chicago, IL, 60645 in Chicago. At $350,000 it earns $2,748/mo in rent and distributes $320/mo to the owner after the $1,574/mo payment, a consistent 9.42% yield. DSCR 1.75 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $96,699 in value; $3,224/yr in principal paydown compounds ownership stake. Total projected return: $154,483.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.1% |
| Monthly Cash Flow | $320 | $850 |
City averages based on Chicago market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,748 |
| Total Monthly Debt Service | $2,288 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60645, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 8,171 (46.9%) |
| Renter Occupied HU | 8,122 (46.6%) |
| Vacant Housing Units | 1,135 ( 6.5%) |
| Median Home Value | $374,201 |
| Average Home Value | $427,363 |
Housing Distribution
Address Breakdown
Residential
16,940
Single Family
5,441
Multi-Family
11,499
Businesses
499
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
Condo
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60645, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,428 (100%) |
| Owner Occupied HU | 8,171 (46.9%) |
| Renter Occupied HU | 8,122 (46.6%) |
| Vacant Housing Units | 1,135 ( 6.5%) |
| Median Home Value | $374,201 |
| Average Home Value | $427,363 |
Housing Distribution
Address Breakdown
Residential
16,940
Single Family
5,441
Multi-Family
11,499
Businesses
499
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices