7345 S Bennett AveChicagoIL60649
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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 7345 S Bennett Ave, Chicago, IL, 60649 priced at $370,900 converts $3,619/mo rent into $1,047/mo cash flow after a $1,815/mo obligation. Total monthly income equals $3,619/mo, and annual cash flow totals $12,561/yr on $122,953 invested. Return on cash invested prints 30.13% in year one, and rental yield reads 11.71% against a $370,900 entry. Equity gained on principal adds $2,393/yr, while 5% annual appreciation compiles into $102,473 by year five. Five-year ROI reaches 158.61% and total cumulative return in cash sums $195,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,619/mo property income covering a $1,815/mo payment, not borrower’s personal income.
Single Family
Built in 1916
4,181 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60649, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,407 (100%) |
| Owner Occupied HU | 5,123 (18.7%) |
| Renter Occupied HU | 18,185 (66.4%) |
| Vacant Housing Units | 4,099 (15.0%) |
| Median Home Value | $262,345 |
| Average Home Value | $303,662 |
Housing Distribution
Address Breakdown
Residential
23,819
Single Family
4,497
Multi-Family
19,322
Businesses
773
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