720 W Randolph St APT 502ChicagoIL60661
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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 720 W Randolph St APT 502, Chicago, IL, 60661 uses $119,340 cash to close to unlock $7,200/yr annual cash flow and $600/mo monthly cash flow. Total monthly income runs $3,097/mo, and a $1,762/mo payment keeps the spread at $600/mo. Purchase price stands at $360,000, and rental yield measures 10.32% with $3,097/mo rent. Return on cash invested shows 25.94% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 136.17% and total cumulative return in cash records $162,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,097/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60661, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,016 (100%) |
| Owner Occupied HU | 2,442 (24.4%) |
| Renter Occupied HU | 6,535 (65.2%) |
| Vacant Housing Units | 1,039 (10.4%) |
| Median Home Value | $425,872 |
| Average Home Value | $488,274 |
Housing Distribution
Address Breakdown
Residential
9,230
Single Family
9
Multi-Family
9,221
Businesses
758
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