707 N Wells St UNIT 504ChicagoIL60654
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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 707 N Wells St UNIT 504, Chicago, IL, 60654 listed at $538,720 pairs $4,531/mo rent with a $2,637/mo payment to leave $133/mo cash flow. Total monthly income runs $4,531/mo, and annual cash flow reaches $1,597/yr on $177,239 cash to close. Return on cash invested measures 20.96% in year one, and rental yield registers 10.09% at a $538,720 basis. Equity gained on principal adds $3,476/yr, and annual property appreciation at 5% supports $148,838 by year five. Five-year ROI tracks 111.09% and total cumulative return in cash totals $196,892. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,531/mo property income relative to a $2,637/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2015
N/A lot
$N/A/sqft
$661 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60654, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,160 (100%) |
| Owner Occupied HU | 5,065 (29.5%) |
| Renter Occupied HU | 10,049 (58.6%) |
| Vacant Housing Units | 2,046 (11.9%) |
| Median Home Value | $491,734 |
| Average Home Value | $606,674 |
Housing Distribution
Address Breakdown
Residential
17,745
Single Family
951
Multi-Family
16,794
Businesses
1,931
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Listed by: Matt Laricy • Americorp, Ltd
Mls Name: MRED as distributed by MLS GRID
Mls Provider:
Mls ID: #12143079
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 09:06:36 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_17)