7007 W Hayes AveChicagoIL60631
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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
Rental property for sale in Chicago at 7007 W Hayes Ave, Chicago, IL, 60631 generates $3,960/mo in rent, after a $5,849/mo payment. Total monthly income is $3,960/mo. Return on cash invested sits at 6.95% in year one, and rental yield is 3.98% on a $1,195,000 entry. Equity gained on principal adds $7,711/yr, while 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 34.28% and total cumulative return in cash sums $132,734. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,960/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
6,104 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60631, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,406 (100%) |
| Owner Occupied HU | 9,076 (73.2%) |
| Renter Occupied HU | 2,644 (21.3%) |
| Vacant Housing Units | 686 ( 5.5%) |
| Median Home Value | $436,712 |
| Average Home Value | $473,181 |
Housing Distribution
Address Breakdown
Residential
12,221
Single Family
8,726
Multi-Family
3,495
Businesses
1,037
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