6913 97th StChicago RidgeIL60415
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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 Ridge at 6913 97th St, Chicago Ridge, IL, 60415 listed at $348,000 pairs $2,897/mo rent with a $1,703/mo payment to leave $484/mo cash flow. Total monthly income runs $2,897/mo, and annual cash flow reaches $5,802/yr on $115,362 cash to close. Return on cash invested measures 24.94% in year one, and rental yield registers 9.99% at a $348,000 basis. Equity gained on principal adds $2,246/yr, and annual property appreciation at 5% supports $96,146 by year five. Five-year ROI tracks 130.79% and total cumulative return in cash totals $150,886. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,897/mo property income relative to a $1,703/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
8,040 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60415, Chicago Ridge, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,877 (100%) |
| Owner Occupied HU | 2,916 (49.6%) |
| Renter Occupied HU | 2,640 (44.9%) |
| Vacant Housing Units | 321 ( 5.5%) |
| Median Home Value | $239,402 |
| Average Home Value | $294,268 |
Housing Distribution
Address Breakdown
Residential
5,819
Single Family
2,127
Multi-Family
3,692
Businesses
505
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Listed by: Alberto Avila • RE/MAX 10
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12450692