7449 S Vernon AveChicagoIL60619
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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 7449 S Vernon Ave, Chicago, IL, 60619 priced at $235,900 converts $1,661/mo rent into $24/mo cash flow after a $1,155/mo obligation. Total monthly income equals $1,661/mo, and annual cash flow totals $292/yr on $78,201 invested. Return on cash invested prints 20.28% in year one, and rental yield reads 8.45% against a $235,900 entry. Equity gained on principal adds $1,522/yr, while 5% annual appreciation compiles into $65,175 by year five. Five-year ROI reaches 105.86% and total cumulative return in cash sums $82,787. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,661/mo property income covering a $1,155/mo payment, not borrower’s personal income.
Single Family
Built in 1916
3,125 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60619, Chicago, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 33,039 (100%) |
| Owner Occupied HU | 11,676 (35.3%) |
| Renter Occupied HU | 16,942 (51.3%) |
| Vacant Housing Units | 4,421 (13.4%) |
| Median Home Value | $230,022 |
| Average Home Value | $268,206 |
Housing Distribution
Address Breakdown
Residential
27,388
Single Family
15,468
Multi-Family
11,920
Businesses
1,470
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