708 W 61st PlChicagoIL60621
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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 708 W 61st Pl, Chicago, IL, 60621 listed at $350,000 pairs $2,795/mo rent with a $1,713/mo payment to leave $367/mo cash flow. Total monthly income runs $2,795/mo, and annual cash flow reaches $4,409/yr on $116,025 cash to close. Return on cash invested measures 23.71% in year one, and rental yield registers 9.58% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 124.22% and total cumulative return in cash totals $144,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,795/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1915
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60621, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,426 (100%) |
| Owner Occupied HU | 2,876 (18.6%) |
| Renter Occupied HU | 8,878 (57.6%) |
| Vacant Housing Units | 3,672 (23.8%) |
| Median Home Value | $164,941 |
| Average Home Value | $214,146 |
Housing Distribution
Address Breakdown
Residential
10,934
Single Family
6,169
Multi-Family
4,765
Businesses
537
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